2016
DOI: 10.1007/s00355-016-0966-z
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Rationality, aggregate monotonicity and consistency in cooperative games: some (im)possibility results

Abstract: On the domain of cooperative transferable utility games, we investigate if there are single valued solutions that reconcile rationality, consistency and monotonicity (with respect to the worth of the grand coalition) properties. This paper collects some impossibility results on the combination of core selection with either complement or projected consistency, and core selection, max consistency and monotonicity. By contrast, possibility results show up when combining individual rationality, projected consisten… Show more

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Cited by 7 publications
(8 citation statements)
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“…Note that, for single-valued solutions, our version of RSAM coincides with the corresponding property introduced by Calleja and Llerena (2017). The following theorem characterizes the weighted prenucleoli that satisfy RSAM.…”
Section: Notation Definitions and Preliminariesmentioning
confidence: 79%
See 1 more Smart Citation
“…Note that, for single-valued solutions, our version of RSAM coincides with the corresponding property introduced by Calleja and Llerena (2017). The following theorem characterizes the weighted prenucleoli that satisfy RSAM.…”
Section: Notation Definitions and Preliminariesmentioning
confidence: 79%
“…However, the conditions only remain necessary in the general n-person case. Without assuming symmetry, we show that a weighted (pre)nucleolus satisfies regular SAM as defined by Calleja and Llerena (2017) if and only if the weight system is regular (i.e., associated with a positive payoff vector). As a consequence, a weighted prenucleolus satisfies ESD if and only if it is the per capita prenucleolus.…”
mentioning
confidence: 98%
“…the monotone path f w as defined in (3)). Moreover, Calleja and Llerena (2016) show that it also satisfies PC. To prove uniqueness, suppose there is a single-valued solution σ on Γ satisfying these three properties.…”
Section: Proofmentioning
confidence: 91%
“…Nevertheless, in many applications, and because of external features of the players, the assumption that every player has the same abilities may not be appropriated. The weighted Shapley values (Shapley, 1953a) and the weighted surplus division solutions (Calleja and Llerena, 2016) take care of this aspect by assigning exogenously each player to a strictly positive weight, representing such abilities. A different prominent rule is the prenucleolus (Schmeidler, 1969) that takes specially care of minimizing complaints of coalitions to a particular allocation.…”
Section: Introductionmentioning
confidence: 99%
“…For the formal definitions of these intuitive properties, see Section 2. It is well known (see, e.g., Calleja and Llerena [2]) that the per capita prenucleolus satisfies ESD (and, hence, SAM and AM). However, when considering the class of balanced games, ESD is a rather weak property.…”
Section: Introductionmentioning
confidence: 97%