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Are Unrealistic Assumptions/Simplifications Acceptable? Some Methodological Issues in Economics

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  • Yew-Kwang Ng

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  • Yew-Kwang Ng, 2016. "Are Unrealistic Assumptions/Simplifications Acceptable? Some Methodological Issues in Economics," Pacific Economic Review, Wiley Blackwell, vol. 21(2), pages 180-201, May.
    • Handle: RePEc:bla:pacecr:v:21:y:2016:i:2:p:180-201
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    File URL: http://hdl.handle.net/10.1111/1468-0106.12163
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    1. Ariel Rubinstein, 2006. "Dilemmas of an Economic Theorist," Econometrica, Econometric Society, vol. 74(4), pages 865-883, July.
    2. Pfleiderer, Paul, 2018. "Chameleons: The Misuse of Theoretical Models in Finance and Economics," Research Papers 3020, Stanford University, Graduate School of Business.
    3. Doni Nicola & Menicucci Domenico, 2013. "Revenue Comparison in Asymmetric Auctions with Discrete Valuations," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 13(1), pages 1-33, September.
    4. Wolpin, Kenneth I., 2013. "The Limits of Inference without Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262019086, December.
    5. Ronald Coase, 2006. "Marshall on method," Chapters, in: Tiziano Raffaelli & Giacomo Becattini & Marco Dardi (ed.), The Elgar Companion to Alfred Marshall, chapter 21, pages 139-146, Edward Elgar Publishing.
    6. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    7. Hausman,Daniel M., 1992. "The Inexact and Separate Science of Economics," Cambridge Books, Cambridge University Press, number 9780521415019, December.
    8. Martin Leschke, 2012. "Milton Friedman: Nicht nur ein „Monetarist“!," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 92(8), pages 541-546, August.
    9. Anderson, Terry L., 2004. "Donning Coase‐coloured glasses: a property rights view of natural resource economics," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(3), pages 1-18.
    10. Eric Maskin & John Riley, 2000. "Asymmetric Auctions," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(3), pages 413-438.
    11. I. Gilboa & A. Postlewaite & L. Samuelson & D. Schmeidler, 2015. "Economic models as analogies," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 4.
    12. McAfee, R Preston & McMillan, John, 1987. "Auctions and Bidding," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 699-738, June.
    13. Hausman, Daniel M, 1989. "Economic Methodology in a Nutshell," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 115-127, Spring.
    14. Hausman,Daniel M., 1992. "The Inexact and Separate Science of Economics," Cambridge Books, Cambridge University Press, number 9780521425230, December.
    15. Terry L. Anderson, 2004. "Donning Coase‐coloured glasses: a property rights view of natural resource economics," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(3), pages 445-462, September.
    16. John Rust, 2014. "The Limits of Inference with Theory: A Review of Wolpin (2013)," Journal of Economic Literature, American Economic Association, vol. 52(3), pages 820-850, September.
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    Cited by:

    1. Hatcher, Michael & Minford, Patrick, 2023. "Chameleon models in economics: A note," Cardiff Economics Working Papers E2023/10, Cardiff University, Cardiff Business School, Economics Section.
    2. Max Albert & Hartmut Kliemt, 2017. "Infinite Idealizations and Approximate Explanations in Economics," MAGKS Papers on Economics 201726, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    3. Max Albert, 2022. "How to Escape from Model Platonism in Economics: Critical Assumptions, Robust Conclusions, and Approximate Explanations," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 39(1), pages 37-68, October.

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