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Persistent link: https://www.econbiz.de/10010442256
We characterize a monotonic core solution defined on the class of veto balanced games. We also discuss what restricted versions of monotonicity are possible when selecting core allocations. We introduce a family of monotonic core solutions for veto balanced games and we show that, in general,...
Persistent link: https://www.econbiz.de/10010574200
<Para ID="Par1">We introduce and characterize a new solution concept for TU games: The Surplus Distributor Prenucleolus. The new solution is a lexicographic value although it is not a weighted prenucleolus. The SD-prenucleolus satisfies core stability, strong aggregate monotonicity, null player out property in...</para>
Persistent link: https://www.econbiz.de/10011152061
Young’s theorem implies that every core concept violates monotonicity. In this paper, we investigate when such a violation of monotonicity by a given core concept is justified. We introduce a new monotonicity property for core concepts. We pose several open questions for this new property. The...
Persistent link: https://www.econbiz.de/10010680550