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| Alfredo Salgado-Torres |
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| ''A solution concept for housing market problems with externalities'' |
| ( 2011, Vol. 31 No.1 ) |
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| Since the core of a housing market with externalities may be empty, we propose as a solution concept the set of allocations that satisfy two basic properties: Pareto efficiency and the No-regret condition. Our main result shows that for any instance of the housing market problem, there always exists at least one allocation that satisfies both properties.
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| Keywords: Housing markets, the core, externalities, Pareto efficiency, No-regret condition |
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| Manuscript Received : Dec 24 2010 | | Manuscript Accepted : Feb 17 2011 |
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