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 …

one of the actions. By definition opinion leaders have some power over their followers, and they exercise this power by … satisfaction and power scores which allow us to analyze the actors' satisfaction and power with respect to the collective choice …

knowledge by means of different combinations among power of allocation of decisions and exercise of authority. Together …, organizational power shapes the very preferences of organizational members. More specifically, we study the efficiency of different …