Explanatory Value in Context: The Curious Case of Hotelling’s Location Model

N. Emrah Aydinonat, Emin Köksal

Tutkimustuotos: ArtikkelijulkaisuArtikkeliTieteellinenvertaisarvioitu

Abstrakti

There is a striking contrast between the significance of Harold Hotelling’s contribution to industrial economics and the fact that his location model was invalid, unrealistic and non-robust. It is difficult to make sense of the explanatory value of Hotelling’s model based on philosophical accounts that emphasize logical validity, representational adequacy, and robustness as determinants of explanatory value. However, these accounts are misleading because they overlook the context within which the explanatory value added of a model is apprehensible. We present Hotelling’s model in its historical context and show why it is an important and explanatory model despite its apparent deficiencies.
Alkuperäiskielienglanti
LehtiEuropean Journal of the History of Economic Thought
Vuosikerta26
Numero5
Sivut879-910
Sivumäärä32
ISSN0967-2567
DOI - pysyväislinkit
TilaJulkaistu - 3 syyskuuta 2019
OKM-julkaisutyyppiA1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä, vertaisarvioitu

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