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Coalitionally Monotonic Set-solutions for Cooperative TU Games

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  • Josep Maria Izquierdo Aznar
  • Carlos Rafels Pallarola

    (Universitat de Barcelona)

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    Abstract

    A static comparative study on set-solutions for cooperative TU games is carried out. The analysis focuses on studying the compatibility between two classical and reasonable properties introduced by Young (1985) in the context of single valued solutions, namely core-selection and coalitional monotonicity. As the main result, it is showed that coalitional monotonicity is not only incompatible with the core-selection property but also with the bargaining-selection property. This new impossibility result reinforces the trade-off between these kinds of interesting and intuitive economic properties. Positive results about compatibility between desirable economic properties are given replacing the core- selection requirement by the core-extension property.

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    File URL: http://www.ere.ub.es/dtreball/E0275.rdf/at_download/file
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    Bibliographic Info

    Paper provided by Universitat de Barcelona. Espai de Recerca en Economia in its series Working Papers in Economics with number 75.

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    Length: 26 pages
    Date of creation: 2002
    Date of revision:
    Handle: RePEc:bar:bedcje:200275

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    Postal: Espai de Recerca en Economia, Facultat de Ciències Econòmiques. Tinent Coronel Valenzuela, Num 1-11 08034 Barcelona. Spain.
    Web page: http://www.ere.ub.es
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    1. Rafels, C. & Tijs, S.H., 1997. "On the cores of cooperative games and the stability of the Weber set," Open Access publications from Tilburg University urn:nbn:nl:ui:12-74454, Tilburg University.
    2. Arin, J. & Feltkamp, V., 1994. "The nucleolus and kernel of veto-rich transferable utility games," Discussion Paper 1994-40, Tilburg University, Center for Economic Research.
    3. TamÂs Solymosi, 1999. "On the bargaining set, kernel and core of superadditive games," International Journal of Game Theory, Springer, vol. 28(2), pages 229-240.
    4. Toru Hokari, 2000. "note: The nucleolus is not aggregate-monotonic on the domain of convex games," International Journal of Game Theory, Springer, vol. 29(1), pages 133-137.
    5. Daniel Granot & Michael Maschler, 1997. "The Reactive Bargaining Set: Structure, Dynamics and Extension to NTU Games," International Journal of Game Theory, Springer, vol. 26(1), pages 75-95.
    6. Rafels, Carles & Ybern, Neus, 1995. "Even and Odd Marginal Worth Vectors, Owen's Multilinear Extension and Convex Games," International Journal of Game Theory, Springer, vol. 24(2), pages 113-26.
    7. Derks, J J M, 1992. "A Short Proof of the Inclusion of the Core in the Weber Set," International Journal of Game Theory, Springer, vol. 21(2), pages 149-50.
    8. Maschler, Michael, 1992. "The bargaining set, kernel, and nucleolus," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 1, chapter 18, pages 591-667 Elsevier.
    9. Izquierdo, Josep M. & Rafels, Carles, 2001. "Average Monotonic Cooperative Games," Games and Economic Behavior, Elsevier, vol. 36(2), pages 174-192, August.
    10. Maschler, Michael, 1976. "An advantage of the bargaining set over the core," Journal of Economic Theory, Elsevier, vol. 13(2), pages 184-192, October.
    11. Mas-Colell, Andreu, 1989. "An equivalence theorem for a bargaining set," Journal of Mathematical Economics, Elsevier, vol. 18(2), pages 129-139, April.
    12. David Housman & (*), Lori Clark, 1998. "Note Core and monotonic allocation methods," International Journal of Game Theory, Springer, vol. 27(4), pages 611-616.
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