Consider the following transferable utility cooperative game: N = {1,2,3} and v({1})= 2, v({2}) = 4, v({3}) = 2 v({1, 2}) = 8, v({1,3})= 10, v({2,3}) = 8 v({1,2,3}) = 12 = (a) Two players i and j are interchangeable if for all S that contains neither i nor j,v(SU {i})= v(SU{j}). Rewrite/explain this definition with your own words. (b) Are there any players that are interchangeable? If so, which ones?

Consider the following transferable utility cooperative game: N = {1,2,3} and v({1})= 2, v({2}) = 4, v({3}) = 2 v({1, 2}) = 8, v({1,3})= 10, v({2,3}) = 8 v({1,2,3}) = 12 = (a) Two players i and j are interchangeable if for all S that contains neither i nor j,v(SU {i})= v(SU{j}). Rewrite/explain this definition with your own words. (b) Are there any players that are interchangeable? If so, which ones?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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