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 …

We integrate individual power in groups into general equilibrium models. The relationship between group formation …, resource allocation, and the power of specific individuals or particular sociological groups is investigated. We introduce, via … an illustrative example, three appealing concepts of power and show that there is no monotonic relationship between these …

proposal. As novel partnerships are risky and power is a key determinant of risk-taking propensity, we argue that the power of …, we find that the effect of power on partner novelty depends on both the type of power and the role of the person in the … decision process. Partner novelty is more likely when those initiating proposals hold formal structural power, but less likely …

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 …