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Scale

  • Darren Grant
Chapter
Part of the Springer Texts in Business and Economics book series (STBE)

Abstract

This chapter introduces the concept of scale as it is used in other disciplines, as an indicator of magnitude. It shows how economists can utilize this concept to add clarity, simplicity, and insight to their research. Applications to the incidental parameters problem, the Slutsky Equation, Mincer’s wage equation, mortality dynamics, and more elucidate the power of scale analysis, both theoretically and empirically.

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Copyright information

© Springer Nature Switzerland AG 2018

Authors and Affiliations

  • Darren Grant
    • 1
  1. 1.Sam Houston State UniversityHuntsvilleUSA

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