Wealth and Power in a Collegial Polity

Roy Gardner

ISU General Staff Papers from Iowa State University, Department of Economics

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.

Date: 1981-12-01
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Journal Article: Wealth and power in a collegial polity (1981)
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