Economies with complex property rights: the role of exclusion
I Balbuzanov, MH Kotowski - ACM SIGecom Exchanges, 2021 - dl.acm.org
ACM SIGecom Exchanges, 2021•dl.acm.org
We discuss the exclusion core, a solution concept for object-allocation and object-exchange
problems. The exclusion core is based on the right of exclusion and is especially useful for
the analysis of economies with complicated property arrangements, such as those with
shared ownership. The exclusion core coincides with the (strong) core in classic settings,
and is closely related to the celebrated Top Trading Cycles algorithm.
problems. The exclusion core is based on the right of exclusion and is especially useful for
the analysis of economies with complicated property arrangements, such as those with
shared ownership. The exclusion core coincides with the (strong) core in classic settings,
and is closely related to the celebrated Top Trading Cycles algorithm.
We discuss the exclusion core, a solution concept for object-allocation and object-exchange problems. The exclusion core is based on the right of exclusion and is especially useful for the analysis of economies with complicated property arrangements, such as those with shared ownership. The exclusion core coincides with the (strong) core in classic settings, and is closely related to the celebrated Top Trading Cycles algorithm.
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