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An economic model is a simplified description of reality, designed to yield hypotheses about economic behavior that can be tested. An important feature of an ...

An economic model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships ...

An economic model is a hypothetical construct that embodies economic procedures using a set of variables in logical and/or quantitative correlations. It is a ...

An economic model is a simplified version of reality that allows us to observe, understand, and make predictions about economic behavior.

An economic model is a simplified description of reality, designed to yield hypotheses about economic behavior that can be tested. An important feature of an ...

2023年1月7日 — The model assumes that consumers aim to maximise their utility (or satisfaction) from their purchases and will choose the combination of goods ...

Economic Modelling - a scholarly journal which came into being in 1984 - fills a major gap in the economics literature, providing a single source of both ...

2023年7月17日 — Economic models have two functions: 1) to simplify and abstract from observed data, and 2) to serve as a means of selection of data based on a ...

由 A Gibbard 著作 · 1978 · 被引用 424 次 — Now although that may be the most important use of models in economics, it is by no means their only important use. Often the assumptions of a model are chosen ...