as much as they are that of the large power asymmetry between capital and labor that developed in the last few decades … automated. The paper develops a game theoretical definition of asymmetric power and shows why in labor markets characterized by …

We explore the exercise of power in perpetuating status quo institutions. We give empirical examples of the economic … importance of power and offer a definition of this elusive term. We then investigate the role of power in a modern capitalist …). Our model suggests that a significant portion of an economy's productive potential may be devoted to the exercise of power …