论文标题
关于莎普利 - 斯卡夫住房市场的整合
On the integration of Shapley-Scarf housing markets
论文作者
论文摘要
我们研究合并沙普利 - 赛车市场的福利后果。市场融合会导致巨大的福利损失，并使绝大多数代理商变得更糟，但平均是增强福利，并使所有特工变得更好。当所有市场都是小型或代理人的偏好高度相关时，受到整合损害的代理人的数量是少数。
We study the welfare consequences of merging Shapley--Scarf markets. Market integration can lead to large welfare losses and make the vast majority of agents worse-off, but is on average welfare-enhancing and makes all agents better off ex-ante. The number of agents harmed by integration is a minority when all markets are small or agents' preferences are highly correlated.
