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Find the Shapley-Shibik Power for Each Player in the Following

question 6

Essay

Find the Shapley-Shibik Power for each player in the following weighted voting system. Give your answers as fractions written in reduced form.
[16: 12,10,4,2]


Definitions:

Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable.

MU/P Ratio

The ratio of marginal utility (MU) to price (P), used to determine the optimal consumption point where consumer satisfaction per unit of cost is maximized.

Marginal Utility

The heightened benefit received from using one more unit of a good or service.

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