Monotonic core solutions: Beyond Young's theorem
We introduce two new monotonicity properties for core concepts: single-valued solution concepts that always select a core allocation whenever the game is balanced (has a nonempty core). We present one result of impossibility for one of the properties and we pose several open questions for the second property. The open questions arise because the most important core concepts (the nucleolus and the per capita nucleolus) do not satisfy the property even in the class of convex games.
|Date of creation:||Jul 2010|
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|Order Information:|| Postal: Dpto. de Fundamentos del Análisis Económico I, Facultad de CC. Económicas y Empresariales, Universidad del País Vasco, Avda. Lehendakari Aguirre 83, 48015 Bilbao, Spain|
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- Toru Hokari, 2000. "note: The nucleolus is not aggregate-monotonic on the domain of convex games," International Journal of Game Theory, Springer;Game Theory Society, vol. 29(1), pages 133-137.
- J. Arin & V. Feltkamp, 2005. "Monotonicity properties of the nucleolus on the domain of veto balanced games," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 13(2), pages 331-341, December.
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