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A jungle
- Martin J. Osborne(author)
- Ariel Rubinstein(author)
Chapter of: Models in Microeconomic Theory: Expanded Second Edition (She)(pp. 105–120)
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| Title | A jungle |
|---|---|
| Contributor | Martin J. Osborne(author) |
| Ariel Rubinstein(author) | |
| DOI | https://doi.org/10.11647/OBP.0361.08 |
| Landing page | https://www.openbookpublishers.com/books/10.11647/obp.0361/chapters/10.11647/obp.0361.08 |
| License | http://creativecommons.org/licenses/by-nc-nd/4.0 |
| Copyright | Martin Osborne; Ariel Rubinstein |
| Publisher | Open Book Publishers |
| Published on | 2023-06-26 |
| Long abstract | This chapter studies a society consisting of a set of individuals and a set of houses. Each house can accommodate only one person and each person can occupy only one house. Different people may have different preferences over the houses, but everyone prefers to occupy any house than to be homeless. This chapter analyzes a model in which the assignment of houses is determined by the individuals’ strengths; the concepts of property and ownership do not exist. A person who wants to occupy a house currently occupied by a weaker person can do so simply by presenting herself to the current occupant. The process is orderly: everyone knows everyone else’s strength, and on seeing that a stronger person wants to occupy her house, a person vacates it without a fight, which she knows she would lose. |
| Page range | pp. 105–120 |
| Print length | 15 pages |
| Language | English (Original) |
| Landing Page | Full text URL | Platform | |||
|---|---|---|---|---|---|
| https://books.openbookpublishers.com/10.11647/obp.0361.08.pdf | Landing page | https://books.openbookpublishers.com/10.11647/obp.0361.08.pdf | Full text URL | Publisher Website |
Contributors
Martin J. Osborne
(author)Professor Emeritus of Economics at University of Toronto
Ariel Rubinstein
(author)Emeritus in School of Economics at Tel Aviv University
Professor of Economics at New York University