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A characterization of cooperative TU-games with large monotonic core

Jesus Getan and Jesus Montes
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Jesus Montes: Universitat de Barcelona

No 193, Working Papers in Economics from Universitat de Barcelona. Espai de Recerca en Economia

Abstract: Cooperative TU-games with large core were introduced by Sharkey (1982) and the concept of Population Monotonic Allocation Scheme was defined by Sprumont (1990). Linking these two concepts, Moulin (1990) introduces the notion of large monotonic core giving a characterization for three-player games. In this paper we prove that all games with large monotonic core are convex. We give an effective criterion to determine whether a game has large monotonic core and, as a consequence, we obtain a characterization for the four-player case.

JEL-codes: C71 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2008
New Economics Papers: this item is included in nep-gth
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