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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. https://resolver.caltech.edu/CaltechAUTHORS:20141007-100805737

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Abstract

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
Related URLs:
URLURL TypeDescription
http://dx.doi.org/10.1257/aer.104.8.2303 DOIArticle
https://www.aeaweb.org/articles.php?doi=10.1257/aer.104.8.2303PublisherArticle
http://resolver.caltech.edu/CaltechAUTHORS:20101008-094039001AuthorWorking Paper
ORCID:
AuthorORCID
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.
Funders:
Funding AgencyGrant Number
NSFSES-0751980
Issue or Number:8
Classification Code:JEL: B41, D01, D11
Record Number:CaltechAUTHORS:20141007-100805737
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20141007-100805737
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:50227
Collection:CaltechAUTHORS
Deposited By: Tony Diaz
Deposited On:09 Oct 2014 21:49
Last Modified:09 Mar 2020 13:18

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