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Suppose that there are only three hypothetical states with a distribution of popular and electoral votes as shown in the table below. Find the ordering of the Shapley-Shubik indexes for states using the popular vote. Assume that a simple majority is required.
Direct Lease
A leasing agreement where the lessor buys the asset chosen by the lessee and then leases it back to them.
Lessor
The party that leases or rents out a property or asset to another party, known as the lessee.
Present Value
The present value of a future amount of money or series of cash inflows, discounted by a particular return rate.
Fair Market Value
The price at which an asset would trade in a competitive auction setting, reflecting the value agreed upon by a willing buyer and seller.
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