Camels, Dummy, and the Importance of Context

Billette de Villemeur, Etienne; Leroux, Justin

Document type :

Partie d'ouvrage

DOI :

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

Title :

Camels, Dummy, and the Importance of Context

Author(s) :

Billette de Villemeur, Etienne [Auteur]

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

Scientific editor(s) :

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

Book title :

The Future of Economic Design

Publisher :

Springer

Publication date :

2019-11-16

HAL domain(s) :

Sciences de l'Homme et Société
Sciences de l'Homme et Société/Economies et finances

English abstract : [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 ...
Show more >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.Show less >

Language :

Anglais

Audience :

Internationale

Popular science :

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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