Abstract
We present a detailed didactical case study to illustrate how the empirical methodology presented can be employed to develop an empirical research design in rule-based economic inquiry. The case builds on the example of the classical problem of investigating the determinants of savings. The chosen example helps to clarify the distinction between a rule perspective on savings and the notion of aggregate savings: the former refers to the willingness of agents to save, and the latter addresses the outcomes of saving operations conducted by agents in applying their savings rule.
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Blind, G.D. (2017). Rule-Based Economics in Empirical Practice: An Exemplar. In: The Entrepreneur in Rule-Based Economics. Economic Complexity and Evolution. Springer, Cham. https://doi.org/10.1007/978-3-319-62779-3_8
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DOI: https://doi.org/10.1007/978-3-319-62779-3_8
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