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Individual Vs Collective Choice In Corporate FinanceKeywords: Theory of choice , utility , median voter , empirical analysis , corporate and public finance , spirituality factor , private and public consumption , budget allocation , public and private goods Abstract: The paper is meant to be an extension of the theories of choice, empirical analysis and theories concerning communication between macro-economic sub-systems and even between (sub) systems. A new perception will be given to all these theories and a different meaning of the factors influencing finance decisions will be shown. Another factor is introduced taking into account one’s choice, which restructures somehow the perception of the function of individuals’ choice. I named it factor α (alpha) which is a spirituality factor provoking exchanges of information between economic sub-systems. This leads to a rearrangement of the economic and social patterns of behavior and of choice directly influencing the finance decisions and re-equilibrating the inter-conditioning sub-systems of the world.
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