Question
A group of n players are offered a sum of money, say $100, on condition that they agree how to distribute it among themselves. A
A group of n players are offered a sum of money, say $100, on condition that they agree how to distribute it among themselves. A MAJORITY of the group must ok the distribution, else the offer is void.
a) Determine the characteristic function
b) Show that if n>2 then the core is empty
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