It's more complicated than that. If one only considers wire gauge in relationship to output power, all the larger speaker cables are overkill.
Here is a chart:
http://www.powerstream.com/Wire_Size.htm
Scroll down and see that 21 gauge will handle 1.2 amps of current. 21 gauge is about the size of doorbell wire.
Rather than trying to decipher this scientifically, listening with various speaker cables will provide a wealth of knowledge. I think you will find the design, insulation, RF rejection and terminations all play an equal role in the music, not just the wire gauge.
Here is a chart:
http://www.powerstream.com/Wire_Size.htm
Scroll down and see that 21 gauge will handle 1.2 amps of current. 21 gauge is about the size of doorbell wire.
Rather than trying to decipher this scientifically, listening with various speaker cables will provide a wealth of knowledge. I think you will find the design, insulation, RF rejection and terminations all play an equal role in the music, not just the wire gauge.