Characterization of Top Trading Cycles with single-dipped preferences
Published in Economics Letters, 2024
In the object reallocation model, when agents’ preferences are unrestricted, Ekici (2024) proves that the top trading cycles is the unique mechanism that is individually-rational, pair-efficient, and strategyproof. We prove that this characterization remains true when agents’ preferences are single-dipped.
Keywords: Object reallocation model; Top trading cycles; Single-dipped; Pair efficiency.
JEL Classification: C71, C78, D78