Monotonic core solutions: beyond Young’s theorem

Monotonic core solutions: beyond Young’s theorem

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Article ID: iaor20133018
Volume: 42
Issue: 2
Start Page Number: 325
End Page Number: 337
Publication Date: May 2013
Journal: International Journal of Game Theory
Authors:
Abstract:

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 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.

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