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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...
Persistent link: https://www.econbiz.de/10005375637
We show that the nucleolus is not aggregate-monotonic on the domain of convex games, and that this lack of monotonicity holds even if there are as few as four agents.
Persistent link: https://www.econbiz.de/10005155708
On the domain of convex games, many desirable properties of solutions are compatible and there are many single-valued solutions that are intuitively appealing. We establish some interesting logical relations among properties of single-valued solutions. In particular, we introduce a new property,...
Persistent link: https://www.econbiz.de/10010845479