On (non-) monotonicity of cooperative solutions
نویسندگان
چکیده
Aggregate monotonicity of cooperative solutions is widely accepted as a desirable property, and examples where certain solution concepts (such as the nucleolus) violate this property are scarce and have no economic interpretation. We provide an example of a simple fourplayer game that points out at a class of economic contexts where aggregate monotonicity is not appealing.
منابع مشابه
On the (in)compatibility of rationality, monotonicity and consistency for cooperative games
On the domain of cooperative transferable utility games, we investigate if there are single valued solutions that reconcile rationality, consistency and monotonicity (with respect to the worth of the grand coalition) properties. This paper collects some impossibility results on the combination of core selection with either complement or projected consistency, and core selection, max consistency...
متن کاملRationality, monotonicity and consistency in cooperative games: some (im)possibility results
On the domain of cooperative transferable utility games, we investigate if there are single valued solutions that reconcile rationality, consistency and monotonicity (with respect to the worth of the grand coalition) properties. This paper collects some impossibility results on the combination of core selection with either complement or projected consistency, and core selection, max consistency...
متن کاملReconciling marginalism with egalitarianism: consistency, monotonicity, and implementation of egalitarian Shapley values
One of the main issues in economics is the trade-off between marginalism and egalitarianism. In the context of cooperative games this trade-off can be framed as one of choosing to allocate according to the Shapley value or the equal division solution. In this paper we provide tools that make it possible to study this trade-off in a consistent way by providing three types of results on egalitari...
متن کاملOn the COalitiOnal Stability Of MOnOpOly pOwer in DifferentiateD bertranD anD COurnOt OligOpOlieS Documents de travail GREDEG GREDEG Working Papers Series
In this article we revisit the classic comparison between Bertrand and Cournot competition in the presence of a cartel of firms that faces outsiders acting individually. This competition setting enables to deal with both non-cooperative and cooperative oligopoly games. We concentrate on industries consisting of symmetrically differentiated products where firms operate at a constant and identica...
متن کاملWeakly monotonic solutions for cooperative games
The principle of weak monotonicity for cooperative games states that if a game changes so that the worth of the grand coalition and some player’s marginal contribution to all coalitions increase or stay the same, then this player’s payoff should not decrease. We investigate the class of values that satisfy effi ciency, symmetry, and weak monotonicity. It turns out that this class coincides with...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- Int. J. Game Theory
دوره 39 شماره
صفحات -
تاریخ انتشار 2010