Article ID: | iaor20013507 |
Country: | Germany |
Volume: | 29 |
Issue: | 3 |
Start Page Number: | 327 |
End Page Number: | 338 |
Publication Date: | Jan 2000 |
Journal: | International Journal of Game Theory |
Authors: | Hokari T. |
The Dutta–Ray solution and the Shapley value are two well-known examples of population-monotonic solutions on the domain of convex games. We provide a new formula for the Dutta–Ray solution from which population-monotonicity immediately follows. Then we define a new family of population-monotonic solutions, which we refer to as ‘sequential Dutta–Ray solutions’. We also show that it is possible to contruct several symmetric and population-monotonic solutions by using the solutions in this family.