Explanatory Value in Context : The Curious Case of Hotelling’s Location Model

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dc.contributor.author Aydinonat, N. Emrah
dc.contributor.author Köksal, Emin
dc.date.accessioned 2020-11-20T09:05:01Z
dc.date.available 2020-11-20T09:05:01Z
dc.date.issued 2019-09-03
dc.identifier.citation Aydinonat , N E & Köksal , E 2019 , ' Explanatory Value in Context : The Curious Case of Hotelling’s Location Model ' , European Journal of the History of Economic Thought , vol. 26 , no. 5 , pp. 879-910 . https://doi.org/10.1080/09672567.2019.1626460
dc.identifier.other PURE: 123149322
dc.identifier.other PURE UUID: a3d34c1d-e1a5-4e0e-9012-07a47e017854
dc.identifier.other WOS: 000472407400001
dc.identifier.other ORCID: /0000-0001-6633-4044/work/66367330
dc.identifier.uri http://hdl.handle.net/10138/321764
dc.description.abstract There is a striking contrast between the significance of Harold Hotelling’s contribution to industrial economics and the fact that his location model was invalid, unrealistic and non-robust. It is difficult to make sense of the explanatory value of Hotelling’s model based on philosophical accounts that emphasize logical validity, representational adequacy, and robustness as determinants of explanatory value. However, these accounts are misleading because they overlook the context within which the explanatory value added of a model is apprehensible. We present Hotelling’s model in its historical context and show why it is an important and explanatory model despite its apparent deficiencies. en
dc.format.extent 32
dc.language.iso eng
dc.relation.ispartof European Journal of the History of Economic Thought
dc.rights.uri info:eu-repo/semantics/openAccess
dc.subject 611 Philosophy
dc.subject explanation
dc.subject models
dc.subject idealization
dc.subject 511 Economics
dc.subject spatial competition
dc.subject Harold Hotelling
dc.subject Hotelling model
dc.subject principle of minimum differentiation
dc.title Explanatory Value in Context : The Curious Case of Hotelling’s Location Model en
dc.type Article
dc.contributor.organization Helsinki Inequality Initiative (INEQ)
dc.contributor.organization Practical Philosophy
dc.contributor.organization TINT – Centre for Philosophy of Social Science
dc.description.reviewstatus Peer reviewed
dc.relation.doi https://doi.org/10.1080/09672567.2019.1626460
dc.relation.issn 0967-2567
dc.rights.accesslevel openAccess
dc.type.version acceptedVersion

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