To Infinity and Beyond: Scaling Economic Theories via Logical Compactness

  title={To Infinity and Beyond: Scaling Economic Theories via Logical Compactness},
  author={Yannai A. Gonczarowski and S. Kominers and Ran I. Shorrer},
  journal={Microeconomics: General Equilibrium & Disequilibrium Models eJournal},
  • Yannai A. Gonczarowski, S. Kominers, Ran I. Shorrer
  • Published 2019
  • Mathematics, Computer Science, Economics
  • Microeconomics: General Equilibrium & Disequilibrium Models eJournal
  • Many economic-theoretic models incorporate finiteness assumptions that, while introduced for simplicity, play a real role in the analysis. Such assumptions introduce a conceptual problem, as results that rely on finiteness are often implicitly nonrobust; for example, they may rely on edge effects or artificial boundary conditions. Here, we present a unified method that enables us to remove finiteness assumptions, such as those on datasets, market sizes, and time horizons. We then apply our… CONTINUE READING
    1 Citations


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