Game Theory Question variant of 3player majority game Find t
Game Theory Question: (variant of 3-player majority game) Find the core of the variant of the three player majority game in which player 1 has 3 votes (and players 1 and 3 have one vote, as in the original game).
How would you set this question up and solve it?
Solution
Let the core allocation for player 1 be A1
and that for player 2 and 3 be A2 and A3 respectively
Player 1 has three votes so he can win any vote and allocate the whole Game to himself.
Players 2 and 3 together do not have enough votes to win and they can only get zero together.
Therefore any location in the core must satisfy the following restrictions :
A1 >= 1
A2 >= 0
A3 >= 0
A1 + A2 >= 1
A1 + A3 >= 1
A2 + A3 >= 0
There\'s just one condition which satisfy the above inequalities and that is :
A1 = 1 , A2 = 0 and A3 = 0
