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Social Power Index for Hierarchically Structured Populations of Economic Agents

机译:经济主体等级结构人口的社会权力指数

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The paper presents a model of a finite collection of socially related economic agents. The authors assume that an agent in an economy is part of some social structure in which he might dominate some agents while he himself is dominated by other agents. They consider structures in which these social relations between the agents have some special features. Such a social structure is called a hierarchically structured population. They identify two types of social differences between economic agents in a hierarchically structured population. First they show that the agents can be subdivided into groups that can be ordered such that agents in 'higher' groups dominate agents in 'lower' groups. Second they show that the communication structure between the agents, in general, will be incomplete. These social differences lead to different potential influences agents have on economic processes. They introduce an index that measures this potential influence. Such an index will be called a social power index. They derive the rather striking result that under a general uniformity condition this social power index can be viewed as the representation of the subjective expectations of the economic agents in the hierarchy with respect to their influence on economic processes.

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