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The Axiomatic Structure of Empirical Content

Chambers, Christopher P. and Echenique, Federico and Shmaya, Eran (2014) The Axiomatic Structure of Empirical Content. American Economic Review, 104 (8). pp. 2303-2319. ISSN 0002-8282. doi:10.1257/aer.104.8.2303.

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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.

Item Type:Article
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URLURL TypeDescription DOIArticle Paper
Chambers, Christopher P.0000-0001-8253-0328
Echenique, Federico0000-0002-1567-6770
Additional Information:© 2014 American Economic Association. The authors thank Nageeb Ali, Yaron Azrieli, Bettina Klaus, Matias Iaryczower, Kota Saito, Tomasz Strzalecki, and Leeat Yariv for comments. We also thank four anonymous referees. Chambers and Echenique acknowledge support from the NSF through grant SES-0751980. The authors declare that they have no relevant material or financial interests that relate to the research described in this paper.
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Issue or Number:8
Classification Code:JEL: B41, D01, D11
Record Number:CaltechAUTHORS:20141007-100805737
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Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:50227
Deposited By: Tony Diaz
Deposited On:09 Oct 2014 21:49
Last Modified:10 Nov 2021 18:53

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