|Generate QR code
Open Access
Subscription Access
Institutions of decision-making
https://doi.org/10.32609/0042-8736-2017-6-45-57
Abstract
We discuss the development of fundamentally new theoretical ideas stated by V. L. Makarov in his article “The calculus of institutions”. Some of them have already been implemented for different applied issues. Other ideas have a more debatable nature and require further development and testing on empirical data. In this paper, we pay the main attention to the institutional context, as well as to the formulation and analysis of decision-making procedures under coalition formation surroundings.
About the Authors
S. Weber
New Economic School
United States
United States
D. Davydov
New Economic School
Russian Federation
Russian Federation
A. Savvateev
Dmitry Pozharsky University
Russian Federation
Russian Federation
References
1. Vartanov S. A., Sosina Yu. V. (2013). On the structure of Nash equilibria and their stability to the local alliance in a model of endogenous formation of coalitions. Matematicheskoe Modelirovanie, Vol. 25, No. 4, pp. 44—64. (In Russian).
2. Davydov D. V. (2014). Social hierarchy and social preferences: some approaches to modeling. In: V. G. Grebennikov, I. N. Shchepina, V. N. Eitingon (eds.). System modeling of social-economic processes: Proceedings of the 34th international scientific schoolseminar. Voronezh: Voronezh State University Publ., pp. 115—118. (In Russian).
3. Davydov D. V. (2014). On some of the causes of endogenous mechanisms for socio-economic regulation. In: V. G. Grebennikov, I. N. Shchepina, V. N. Eitingon (eds.). System modeling of social-economic processes: Proceedings of the 37th international scientific school-seminar. Voronezh: Voronezh State University Publ., pp. 115—118. (In Russian).
4. Makarov V. L. (2003). Calculus of institutions. Ekonomika i Matematicheskie Metody, Vol. 39, No. 2, pp. 14—32. (In Russian).
5. Savvateev A. V. (2013). The multidimensional task of allocation and its applications: A gametheoretic approach. Habilitation thesis in physical and mathematical sciences. Moscow: CEMI RAS. (In Russian).
6. Shelling T. (2014). The strategy of conflict. M.: IRISEN, Sotsium. (In Russian).
7. Arrow K. J., Debreu J. (1954). Existence of an equilibrium for a competitive economy. Econometrica, Vol. 22, No. 3, pp. 265-290.
8. Baron D. P., Ferejohn J. A. (1989). Bargaining in legislatures. American Political Science Review, Vol. 83, No. 4, pp. 1181-1206.
9. Charness G., Rabin M. (2002). Understanding social preferences with simple tests. Quarterly Journal of Economics, Vol. 117, No. 3, pp. 817-869.
10. Jackson M. (2003). Mechanism theory. In: U. Derigs (ed.). The encyclopedia of life support systems. Optimization and operations research. Oxford: EOLSS Publishers.
11. Le Breton M., Moreno-Ternero J. D., Savvateev A., Weber S. (2013). Stability and fairness in models with a multiple membership. International Journal of Game Theory, Vol. 42, No. 3, pp. 673-694.
12. Le Breton M., Weber S. (2004). Secession-proof cost allocations and stable group structures in models of horizontal differentiation. In: G. Demange, M. Wooders (eds.). Group formation in economics: Networks, clubs and coalitions. Cambridge: Cambridge University Press, рp. 266-285.
13. Le Breton M., Weber S. (2003). The art of making everybody happy: how to prevent a secession. IMF Staff Papers, Vol. 50, No. 3, pp. 403-435.
14. Mas-Colell A., Whinston M. D., Green J. R. (1995). Microeconomic theory. N. Y.: Oxford University Press.
15. Rabin M. (1993). Incooperating fairness into game theory and economics. American Economic Review, Vol. 83, No. 5, pp. 1281-1302.
16. Savvateev A. (2012). Uni-dimensional models of coalition formation: non-existence of stable partitions. Moscow Journal of Combinatorics and Number Theory, Vol. 2, No. 4, pp. 49-62.
17. Weber S., Makarov V. L., Savvateev A. V. (2014). An equilibrium model with mixed federal structures. Izvestiya Irkutskogo Gosudarstvennogo Universiteta. Serya: Matematika, Vol. 8, pp. 62-70.
Review
For citations:
Weber S., Davydov D., Savvateev A. Institutions of decision-making. Voprosy Ekonomiki. 2017;(6):45-57. (In Russ.) https://doi.org/10.32609/0042-8736-2017-6-45-57
Views:
746
Email this article 
