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Wealth and power in a collegial polity

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  • Gardner, Roy

Abstract

This paper considers the reflection of political power upon the distribution of wealth in a collegial polity, where political power is unequally distributed. Power and the economic outcome are both analyzed in terms of the Shapley value. The more powerful a political agent is, the greater is that agent's final wealth, as given by the value allocation.
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  • Gardner, Roy, 1981. "Wealth and power in a collegial polity," Journal of Economic Theory, Elsevier, vol. 25(3), pages 353-366, December.
    • Handle: RePEc:eee:jetheo:v:25:y:1981:i:3:p:353-366
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    Cited by:

    1. Ronald Bosman & Frans A.A.M. van Winden, 1999. "The Behavioral Impact of Emotions in a Power to take Game: An Experimental Study," Tinbergen Institute Discussion Papers 99-039/1, Tinbergen Institute.
    2. Roy Gardner, 1987. "A theory of the spoils system," Public Choice, Springer, vol. 54(2), pages 171-185, January.
    3. Nancy H. Chau, 2003. "Concessional Amnesty and the Politics of Immigration Reforms," Economics and Politics, Wiley Blackwell, vol. 15(2), pages 193-224, July.
    4. Ronald Bosman & Frans van Winden, 2002. "Emotional Hazard in a Power-to-take Experiment," Economic Journal, Royal Economic Society, vol. 112(476), pages 147-169, January.

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