Lesson Recap
Materials
Lecture Slides (pptx version available to instructors upon request).
Homework (solutions available to instructors upon request).
References:
Introduction to Top Trading Cycles: On Cores and Indivisibility
Proof that there is a unique core allocation: Weak Versus Strong Domination in a Market with Indivisible Goods
Proof that Top Trading Cycles is truthful: Incentive Compatibility in a Market with Indivisible Goods
Proof that Top Trading Cycles is the only mechanism that is Pareto efficient, individually rational, and truthful: Strategy-Proofness and the Strict Core in a Market with Indivisibilities