? E XERCISE 245.1 (Landowner–worker game with increasing marginal products) Con- sider the…

? EXERCISE 245.1 (Landowner–worker game with increasing marginal products) Con- sider the variant of the landowner–worker game in which each additional worker produces more additional output than the previous one. (That is, f (k)/k f (k + 1)/(k + 1) for all k.) Show that the core of this game contains the action of the grand coalition in which each player obtains an equal share of the total output.

 

 

 

 

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