3 ms·
I know very little about economics. I will be happy to know if this 'theorem' is supported by experimental evidence (none were mentioned in the article). Otherw
by guygurari 14y ago
I know very little about economics. I will be happy to know if this 'theorem' is supported by experimental evidence (none were mentioned in the article). Otherwise it should really be called a hypothesis.
- networked 14y agoThere are various formalizations of the Alchian–Allen effect that are theorems in the mathematical sense of the word in that they have been formally proved. See, e.g., http://www.cesifo-group.de/portal/pls/portal/docs/1/1219670.PDF http://www.cesifo-group.de/portal/pls/portal/docs/1/1219670.....