Arbeitspapier
Gale's Fixed Tax for Exchanging Houses
We consider taxation of exchanges among a set of agents where each agent owns one object. Agents may have different valuations for the objects and they need to pay taxes for exchanges. We show that if a rule satisfies individual rationality, strategyproofness, constrained efficiency, weak anonymity and weak consistency, then it is either the no-trade rule or a fixed-tax core rule. For the latter rules, whenever any agent exchanges his object, he pays the same fixed tax (a lump sum payment which is identical for all agents) independently of which object he consumes. Gale's top trading cycles algorithm finds the final assignment using the agents' valuations adjusted with the fixed tax if the induced preferences are strict.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2018:17
- Klassifikation
-
Wirtschaft
Cooperative Games
Bargaining Theory; Matching Theory
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Social Choice; Clubs; Committees; Associations
Positive Analysis of Policy Formulation and Implementation
- Thema
-
Fixed Tax
Exchanges
Top Trading
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Andersson, Tommy
Ehlers, Lars
Svensson, Lars-Gunnar
Tierney, Ryan
- Ereignis
-
Veröffentlichung
- (wer)
-
Lund University, School of Economics and Management, Department of Economics
- (wo)
-
Lund
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Andersson, Tommy
- Ehlers, Lars
- Svensson, Lars-Gunnar
- Tierney, Ryan
- Lund University, School of Economics and Management, Department of Economics
Entstanden
- 2021
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