effect. It further varies with politicians power, firm size and governance, and connection strength, and diminishes as a …

We integrate individual power in groups into general equilibrium models. The relationship between group formation …, resource allocation, and the power of specific individuals or particular sociological groups is investigated. We introduce, via … an illustrative example, three appealing concepts of power and show that there is no monotonic relationship between these …

distribution of political power as a mediating factor. We present a simple theoretical model showing that increased rents are … show that rents can promote political stability, but only when the political power is sufficiently concentrated. Indeed, if …

given party ideological predispositions and power distribution determine the expected policy outcome. Our analysis applies … weighted by power. Our second result clarifies how the success of an interest group hinges on the dominance of its ideology in … effect of ideological predispositions and power on the efforts of the interest groups. -- policy formation ; political …

We propose a formal concept of the power of voice in the context of a simple model where individuals form groups and … power of the members of a group, which constitutes an instance of the power of voice. The adopted equilibrium concept … endogenizes the outside options as well as the power of voice. In our illustrative example, there exists an equilibrium that …

bargaining theory to predict inter-institutional agreements in the Conciliation Committee, it turns out that although …