CAHomework1_1 - Homework I Part I Professor: ANDREA...

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Homework I Part I Professor: ANDREA STOCCHETTI PART I: SCHEMATIC NOTES ON THE SECOND LECTURE OF COMPETITIVE ANALYSIS HOW NEW KNOWLEDGE IS CREATED. INTERNAL COHERENCE AND CHECKING OF THE MODELS. Note: There is an agreement on parameters to measure success, but no agreement on a common definition of COMPETITION. It is only subjective. For example, we could see it as a contest among individuals, groups, organizations, nations for the same goal/target. DOGMATIC APPROACH TO THEORY-BUILDING SOME ELEMENTS OF COMPETITIVE ANALYSIS FIRMS PRODUCTS PROFITS EARNINGS MARKET SHARE 1 ASSUMPTIONS MODEL NEW STAGE OF REALITY MODEL DEVELOPMENT OBSERVATIONS DOGMA HYPOTHESIS SYSTEM OF RELATIONS MODEL FORECASTS Application to Economics CULTURAL ENVIRONMENT SOCIAL ENVIRONMENT ECONOMICS
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Homework I Part I Professor: ANDREA STOCCHETTI 2 DOGMATIC APPROACH It is a method of developing new knowledge used since the XXVIth century We resorted to this method in class trying to answer: Which is the method followed by economics (competitive analysis in particular) to explain why the economic/market context is the way it is, why certain things happen and how to forecast them? It implies that our knowledge comes from trustworthy unquestioned authorities, whose statements are the starting point in the model (the assumptions) It implies creation of new knowledge by logics and syllogism, internal coherence of elements It was and is still heavily used in exact sciences, for instance in building the theory of the origin of Universe From the initial assumptions a mathematical model is built: it represents a system of
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This note was uploaded on 03/09/2010 for the course ECONOMICS CA taught by Professor Stocchetti during the Spring '10 term at Università Ca' Foscari.

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CAHomework1_1 - Homework I Part I Professor: ANDREA...

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