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Rule-Based Economics in Empirical Practice: An Exemplar

In: The Entrepreneur in Rule-Based Economics

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  • Georg D. Blind

    (University of Zurich)

Abstract

We present a detailed didactical case study to illustrate how the empirical methodology presented can be employed to develop an empirical research design in rule-based economic inquiry. The case builds on the example of the classical problem of investigating the determinants of savings. The chosen example helps to clarify the distinction between a rule perspective on savings and the notion of aggregate savings: the former refers to the willingness of agents to save, and the latter addresses the outcomes of saving operations conducted by agents in applying their savings rule.

Suggested Citation

  • Georg D. Blind, 2017. "Rule-Based Economics in Empirical Practice: An Exemplar," Economic Complexity and Evolution, in: The Entrepreneur in Rule-Based Economics, chapter 0, pages 65-74, Springer.
    • Handle: RePEc:spr:eccchp:978-3-319-62779-3_8
    DOI: 10.1007/978-3-319-62779-3_8
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