Monotonicity and egalitarianism

成果类型:
Article
署名作者:
Dietzenbacher, Bas
署名单位:
Maastricht University
刊物名称:
GAMES AND ECONOMIC BEHAVIOR
ISSN/ISSBN:
0899-8256
DOI:
10.1016/j.geb.2021.03.006
发表日期:
2021
页码:
194-205
关键词:
aggregate monotonicity coalitional monotonicity egalitarian core strong egalitarian core procedural egalitarian solution Lmax solution
摘要:
This paper identifies the maximal domain of transferable utility games on which aggregate monotonicity (no player is worse off when the worth of the grand coalition increases) and egalitarian core selection (no other core allocation can be obtained by a transfer from a richer to a poorer player) are compatible, which turns out to be the class of games where the procedural egalitarian solution selects from the core. On this domain, which includes the class of large core games, these two axioms characterize the solution that assigns the core allocation which lexicographically minimizes the maximal payoffs. This solution even satisfies coalitional monotonicity (no member is worse off when the worth of one coalition increases) and strong egalitarian core selection (no other core allocation can be obtained by transfers from richer to poorer players). (C) 2021 The Author(s). Published by Elsevier Inc.