Institutions of decision-making

In: Voprosy ėkonomiki: ežemesjačnyj žurnal, Heft 6, S. 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.