Nice job, Tom. Veblen's capitalization gets pretty close to the N-B approach. I don't see any home of quantifying power, but it is power -- such as the courts recent nullification of the US Air mechanics contract -- that affects capitalization.
--- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
