Morecooperative games

# Morecooperative games - More on cooperative games...

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More on cooperative games

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Landowner-worker game, 2 workers possible revolution Let x1,x2,x3 be an allocation of the output f(k) from k people working on landowner’s land. Two workers could revolt, kill landowner, and take land. Output after revolution is less than two workers with no revolt. With no revolution, f(1)=1, f(2)=3, f(3)=4. With a revolution, output with 2 workers is 1.5. What’s in the core? All work, no
One owner two possible buyers Owner (person 1) has an object that is worthless to him, worth \$1 to either of two possible buyers (persons 2 and 3). Persons 2 and 3 each start out with more than \$1. Trade is possible. Two outcomes are in the core. Person 1 sells object to 2 for \$1. Person 1 sells object to 3 for \$1. Why is nothing else in the core?

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Person 2 values object at 1. Person 3 values it at \$v<1. What is in core? Person 2 gets the object and pays person
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Morecooperative games - More on cooperative games...

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