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.
|Date of creation:||Jan 2009|
|Date of revision:||Oct 2009|
|Note:||Published in International Journal of Game Theory 39, 171-175 (2010)|
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