, which we explain in terms of arbitrage power, exploit the difference between exchanges in an imaginary ‘smooth’ market of …, regulations, and taxations. Arbitrage power exploits differences between the location of market exchange and the location of the …

power and second, the contested nature of citizenship. The article thus proposes an approach to political representation … that allows highlighting the power-dimension inherent to the interrelation between formal and performative aspects of … representation, that is, between civil society actors' power to represent and their power over representation. Using such an approach …