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.
This paper was published in Journal of Economic Theory, Vol. 25, No. 3, December 1981, pp. 353-366
Gardner, Roy, "Wealth and Power in a Collegial Polity" (1981). Economic Staff Paper Series. 92.