On (non-) monotonicity of cooperative solutions

On (non-) monotonicity of cooperative solutions

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Article ID: iaor20102045
Volume: 39
Issue: 1
Start Page Number: 171
End Page Number: 175
Publication Date: Mar 2010
Journal: International Journal of Game Theory
Authors: ,
Abstract:

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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