On the aggregation of preferences |
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Authors: | Walburga Rdding Hans H Nachtkamp |
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Institution: | Walburga Rödding,Hans H. Nachtkamp |
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Abstract: | The article attempts to show how network theory may be applied to gain new and better insights into basic economic problems. Starting with a precise definition of what is meant by acting and, in particular, by economic acting, we direct the line of argumentation toward solving the problem of how to aggregate economic decisions. Results indicate that network theory might well prove itself to be a powerful instrument in developing a theory of human behavior much more comprehensive than currently used models. |
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