The Axiomatic Structure of Empirical Content

Christopher Chambers, Federico Echenique and Eran Shmaya

American Economic Review, 2014, vol. 104, issue 8, 2303-19

Abstract: We define the empirical content of an economic theory as the least restrictive observationally equivalent theory. We show that the empirical content of a theory is captured by a certain kind of axiomatization, with axioms that are universal negations of conjunctions of atomic formulae.

JEL-codes: B41 D01 D11 (search for similar items in EconPapers)
Date: 2014
Note: DOI: 10.1257/aer.104.8.2303
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Citations: View citations in EconPapers (23)

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