We integrate individual power in groups into general equilibrium models with endogenous group formation. We distinguish … between formal power (the say in group decisions) and real power (utility gain from being in groups). Their values will be … determined as part of the equilibrium. We find that higher formal power does not necessarily translate into higher equilibrium …

affect the behavior of their followers. Hence, opinion leaders have some power over their followers, and they can exercise … this power by influencing their followers choice of action. We study a two-action model for a society with opinion leaders … choice is made by simple majority of the actions chosen by each member. For this model we axiomatize satisfaction and power …

Power is a core concept in the analysis and design of organisations. In this paper we consider positional power in … hierarchies. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to … the analysis of power in terms of the bare positions of the actors. While such an analysis informs us about the authority …

Power is a core concept in the analysis and design of organizations. One of the problems with the extant literature on … positional power in hierarchies is that it is mainly restricted to the analysis of power in terms of the bare positions of the …-established approaches for the analysis of power in non-hierarchical organizations such as the Banzhaf measure; and thus they are all based …

. What makes the rich different, I propose, is hierarchical power. The rich command hierarchies. The poor do not. It is this … evidence from US CEOs. I find that the relative income of CEOs increases with their hierarchical power, as does the capitalist … portion of their income. This suggests that among CEOs, both income size and income class relate to hierarchical power. I then …