Writing game coalitional function


Assignment:

The gloves game Two sellers go to the market. Each has a left-hand glove. At the same time, three other sellers come to the market, each of whom has a right-hand glove. Only pairs of gloves, each pair containing a right-hand glove and a left-hand glove, can be sold to customers. The net profit from selling one pair of gloves is $10.

(a) Write down this game’s coalitional function.

(b) Compute the bargaining set of this game relative to the coalitional structure {N}.

Provide complete and step by step solution for the question and show calculations and use formulas.

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Game Theory: Writing game coalitional function
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