Abstract The article is an attempt to clarify the relationship between economic models and mechanisms. The latter refer to causal processes and interactions. What role do they play in models? One must distinguish between models as non-linguistic constructs and models in the more usual sense of formal systems of definitions and mathematical relations. Models in … Continue reading Just Playing, Ken Binmore
Tag: Economic Mechanisms
Modèles et mécanismes en économie : un essai de clarification de leurs relations
Abstract The article is an attempt to clarify the relationship between economic models and mechanisms. The latter refer to causal processes and interactions. What role do they play in models? One must distinguish between models as non-linguistic constructs and models in the more usual sense of formal systems of definitions and mathematical relations. Models in … Continue reading Modèles et mécanismes en économie : un essai de clarification de leurs relations