Changing and Meta-stable Sub-systems (CSS and MSSS)
Chapter Chapter 6 in The Entrepreneur in Rule-Based Economics, 2017, pp 49-55 from Springer
Abstract The methodological considerations proposed here build on the system of factor rules (SFR) as presented earlier. Specifically, this chapter shows how the causal core of an SFR can be extracted. To that end we develop two criteria for an assessment of factor rules: (1) change in population size and (2) change in strength of influence on the response rule. These criteria suffice to identify causal influence during the observation period. Where neither of the two criteria tests positively, the corresponding factor rules can be excluded from further analysis. Importantly, these criteria allow for excluding false positives. As an overwhelming share of contemporary data collection efforts still concentrate on prices and quantities, the data required for an SFR assessment is often not readily available. Therefore, Sect. 6.2 provides considerations and suggestions on how to obtain or substitute the data required to assess causality.
Keywords: Fact Rules; Response Rule; Rule Population; Rule Adoption; Savings Rule (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eccchp:978-3-319-62779-3_6
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