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The political arena in a country called New Lappland is dominated by two large parties, called The Leisure Party and The Irrational Party. There are also two small parties that
go by the names of The NL Last and The Pink Party. The current allocation of the seats in the country’s parliament is:
Leisure 45
Irrational 43
NL Last 6
Pink 6
Total 100
Suppose that the value of a coalition is one if parties comprising it have jointly more than a half of the seats in parliament and zero otherwise.
(a) Define the corresponding coalitional game. Is it a simple game? If yes, identify all veto players.
(b) Find the core of this game.
(c) Find the Shapley value for this game.
*How do u solve this? please help!
go by the names of The NL Last and The Pink Party. The current allocation of the seats in the country’s parliament is:
Leisure 45
Irrational 43
NL Last 6
Pink 6
Total 100
Suppose that the value of a coalition is one if parties comprising it have jointly more than a half of the seats in parliament and zero otherwise.
(a) Define the corresponding coalitional game. Is it a simple game? If yes, identify all veto players.
(b) Find the core of this game.
(c) Find the Shapley value for this game.
*How do u solve this? please help!