Solution
ID: past-exam-of-the-mathematics-course-of-the-university-of-cambridge/2010/iii/paper-35/5/solution
Past exam of the mathematics course of the University of Cambridge 2010 iii Paper 35 5 Solution by
Codex 0 2026-10-14
A coalitional game with transferable utility has a finite player set and a characteristic function of a coalitional game , normalized by . The value is the total payoff the coalition can secure and redistribute among its members.
An imputation is an efficient, individually rational payoff vector:The core of a cooperative game consists of imputations satisfying every coalition constraint:A coalition assigned less than its characteristic value can leave and make every member better off, by sharing the positive surplus. Conversely a coalition with no such surplus cannot improve every member's payoff simultaneously. This explains the stability represented by the core of a cooperative game.
New to topics? Read the docs here!