International economic community


Assignment:

Need answers asap

An "international economic community" consisting of four countries has a decision-making council. In the council, each country has one representative and

  • the representative from country 1 has 8 votes
  • the representative from country 2 has 4 votes
  • the representative from country 3 has 2 votes
  • the representative from country 4 has 1 vote

For a resolution to pass in the council, at least 14 of the 15 votes are needed.

a. Find the Shapley-Shubik index for each of the 4 countries.

b. Find the Banzhaf index for each the 4 countries.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: International economic community
Reference No:- TGS02077550

Expected delivery within 24 Hours