Camels, Dummy, and the Importance of Context

Billette De Villemeur, Etienne; Leroux, Justin

Type de document :

Partie d'ouvrage

DOI :

10.1007/978-3-030-18050-8_25

Titre :

Camels, Dummy, and the Importance of Context

Auteur(s) :

Billette De Villemeur, Etienne [Auteur]

Lille économie management - UMR 9221 [LEM]
Leroux, Justin [Auteur]
HEC Montréal [HEC Montréal]

Éditeur(s) ou directeur(s) scientifique(s) :

Jean-François Laslier (dir.)
Hervé Moulin (dir.)
Remzi Sanver (dir.)
William S. Zwicker (dir.)

Titre de l’ouvrage :

The Future of Economic Design

Éditeur :

Springer

Date de publication :

2019-11-16

Discipline(s) HAL :

Sciences de l'Homme et Société/Economies et finances

Résumé en anglais : [en]

Economic design problems are more successful in garnering support from practitioners when the axioms are relevant to the practical context. We use the well-known Dummy axiom as a concentrated example of several ways in ...
Lire la suite >Economic design problems are more successful in garnering support from practitioners when the axioms are relevant to the practical context. We use the well-known Dummy axiom as a concentrated example of several ways in which axioms can fail to be meaningful in practice. We then describe two channels through which characterization results using axioms that are not relevant to a specific context can undermine the axiomatic program, both from an internal (theoretical) standpoint and from its relationship with the practical world. Yet, a great deal of intellectual stimulation can be found in disciplining ourselves to be guided by context, despite the theorist’s traditional leaning towards universality.Lire moins >

Langue :

Anglais

Audience :

Internationale

Vulgarisation :

Non

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL

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Camels, Dummy, and the Importance of Context

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