Abstract
We introduce the aggregate-monotonic core as the set of allocations of a transferable utility cooperative game attainable by single-valued solutions that satisfy core-selection and aggregate-monotonicity. We provide a necessary and sufficient condition for the coincidence of the core and the aggregate-monotonic core. Finally, we introduce upper and lower aggregate-monotonicity for set-valued solutions, and characterize the aggregate-monotonic core using core-selection and upper and lower aggregatemonotonicity.
| Original language | English |
|---|---|
| Pages (from-to) | 742-748 |
| Journal | Games and Economic Behavior |
| Volume | 66 |
| Issue number | 2 |
| Publication status | Published - 2009 |