TY - JOUR
T1 - Monotonicity implies linearity
T2 - characterizations of convex combinations of solutions to cooperative games
AU - Yokote, Koji
AU - Funaki, Yukihiko
N1 - Funding Information:
The authors thank an associate editor and anonymous referees for their valuable comments and suggestions. This work was supported by JSPS KAKENHI Grant Numbers JP26380247, JP23530231, JP24220033, JP26245026.
Publisher Copyright:
© 2017, Springer-Verlag Berlin Heidelberg.
PY - 2017/6/1
Y1 - 2017/6/1
N2 - The purpose of this study is to provide a comprehensive characterization of linear solutions to cooperative games by using monotonicity. A monotonicity axiom states an increase in certain parameters of a game as a hypothesis and states an increase in a player’s payoff as a conclusion. We focus on various parameters of a game and introduce new axioms. Combined with previous results, we prove that efficiency, symmetry and a monotonicity axiom characterize (i) four linear solutions in the literature, namely, the Shapley value, the equal division value, the CIS value and the ENSC value, and (ii) a class of solutions obtained by taking a convex combination of the above solutions. Our methodological contribution is to provide a new linear algebraic approach for characterizing solutions by monotonicity. Using a new basis of the linear space of TU games, we identify a class of games in which a solution that satisfies monotonicity is linear. Our approach provides some intuition for why monotonicity implies linearity.
AB - The purpose of this study is to provide a comprehensive characterization of linear solutions to cooperative games by using monotonicity. A monotonicity axiom states an increase in certain parameters of a game as a hypothesis and states an increase in a player’s payoff as a conclusion. We focus on various parameters of a game and introduce new axioms. Combined with previous results, we prove that efficiency, symmetry and a monotonicity axiom characterize (i) four linear solutions in the literature, namely, the Shapley value, the equal division value, the CIS value and the ENSC value, and (ii) a class of solutions obtained by taking a convex combination of the above solutions. Our methodological contribution is to provide a new linear algebraic approach for characterizing solutions by monotonicity. Using a new basis of the linear space of TU games, we identify a class of games in which a solution that satisfies monotonicity is linear. Our approach provides some intuition for why monotonicity implies linearity.
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U2 - 10.1007/s00355-017-1056-6
DO - 10.1007/s00355-017-1056-6
M3 - Article
AN - SCOPUS:85019027698
SN - 0176-1714
VL - 49
SP - 171
EP - 203
JO - Social Choice and Welfare
JF - Social Choice and Welfare
IS - 1
ER -