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T1  - Explanatory Value in Context : The Curious Case of Hotelling’s Location Model 
SN  -  /  
UR  - http://hdl.handle.net/10138/321764 
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A1  - Aydinonat, N. Emrah; Köksal, Emin 
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PB  -  
Y1  - 2019 
LA  - eng 
AB  - 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 th... 
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KW  - 611 Philosophy; explanation; models; idealization; 511 Economics; spatial competition; Harold Hotelling; Hotelling model; principle of minimum differentiation 
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