  We examine observational consequences of the cosmological light-cone effect
on the power spectrum of the distribution of galaxies and quasars from upcoming
redshift surveys. First we derive an expression for the power spectrum of
cosmological objects in real space on a light cone, $P^{\rm LC}_{\rm
R,lin}(k)$, which is exact in linear theory of density perturbations. Next we
incorporate corrections for the nonlinear density evolution and redshift-space
distortion in the formula in a phenomenological manner which is consistent with
recent numerical simulations. On the basis of this formula, we predict the
power spectrum of galaxies and quasars on the light cone for future redshift
surveys taking account of the selection function properly. We demonstrate that
this formula provides a reliable and useful method to compute the power
spectrum on the light cone given an evolution model of bias.
