The Axiomatic Structure of Empirical Content

We define the empirical content of an economic theory as the least restrictive observationally equivalent theory. We show that the empirical content of a theory is captured by a certain kind of axiomatization, with axioms that are universal negations of conjunctions of atomic formulae.

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Year of publication:	2014
Authors:	Chambers, Christopher P. ; Echenique, Federico ; Shmaya, Eran
Published in:	American Economic Review. - American Economic Association - AEA. - Vol. 104.2014, 8, p. 2303-19
Publisher:	American Economic Association - AEA

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Extent:	application/pdf application/zip
Type of publication:	Article
Notes:	DOI: 10.1257/aer.104.8.2303
Classification:	B41 - Economic Methodology ; D01 - Microeconomic Behavior: Underlying Principles ; D11 - Consumer Economics: Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010884824