On (non-) monotonicity of cooperative solutions
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 four-player game that points out at a class of economic contexts where aggregate monotonicity is not appealing.
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Volume (Year): 39 (2010)
Issue (Month): 1 (March)
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References listed on IDEAS
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