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| The Optimization of Public Rental Housing Redistribution Mechanism——Based on Fairness and Efficiency |
| Deng Hongping Lu Li |
| School of Economics and Business Administration， Hubei Real Estate Development Research Center， Central China Normal University， Wuhan 430079 |
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Abstract The construction of reasonable and orderly redistribution mechanism of public rental housing is the key to the sustainable operation of it. The ways generally adopted are exchange or adjustment. The current exchange mechanism of public rental housing is one of Pareto improvement. However， increasing the number of the existing tenants' preferences revelation and the times of pair exchange， and matching automatically by G-TTC mechanism， Pareto efficient outcome may be achieved in theory. The key issue of the adjustment mechanism of public rental housing is to achieve the balance of fairness and efficiency between existing tenants and newcomers. The current adjustment mechanism simply separates existing tenants from newcomers， which can be improved significantly. In this paper，three improved adjustment mechanisms are introduced to show that TTC and its equivalent YRMH-IGYT mechanism is Pareto efficient，individually rational， and strategy-proof； while SD mechanism may be fairer.
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Received: 23 May 2017
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2017, Vol. 56 
