On the (in)compatibility of rationality, monotonicity and consistency for cooperative games

Pere Calleja and Francesc Llerena Garrés

Working Papers from Universitat Rovira i Virgili, Department of Economics

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 consistency and monotonicity.

Keywords: Jocs cooperatius; 33 - Economia (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-gth, nep-hpe, nep-mic and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:urv:wpaper:2072/247807

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