On the Robustness of Economic Models
We investigate the different ways in which the results of theoretical models can be ‘robust’. We identify three kinds of ‘robustness’: (1) robustness to changes in the model’s idealisations; (2) robustness to changes in the ‘background’ conditions; (3) robustness to changes in the implied causal mechanism. Each of these is discussed and illustrated by means of examples from economic practice.
Year of publication: |
2002
|
---|---|
Authors: | Guala, Francesco ; Salanti, Andrea |
Institutions: | Dipartimento di Scienze Aziendali, Economiche e Metodi Quatitativi, Università degli Studi di Bergamo |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Model-robustness in ‘old’ and ‘new’ growth theory
Guala, Francesco, (2002)
-
Model robustness in 'old' and 'new' growth theory
Guala, Francesco, (2003)
-
Risk Aversion and College Subject.
Buonanno, Paolo, (2007)
- More ...