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Industrial organization (Economic theory). --- Production (Economic theory).

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This volume consists of essays from a colloquium about "philosophy of economics" held at the·University of l1unich in July, 1981. They are contributions to an enterprise which in some respects is long-standing and in other respects is new. The long-standing enterprise is to somehow establish decision theory and its kindred disciplines as the basis of economic theory from which its other parts might be shown to follow. The new enterprise is to apply (some of) the latest methods of phi. losophy of science to economic theory. By "philosophy of science" we do not mean h:istory of science and the like; rather we mean a reconstructive proce­ dure which clarifies and deepens the understanding of the science under investigation. By "the latest methods" we refer to the structuralist view which has emerged in the last fifteen years, and which has been success­ fully applied most notably to physical theories. Economics being rather like a stepchild of a reconstructivist philo­ sophy of science, we think much of the interest of this volume to lie just in its attending to the newer enterprise_ We are happy to have brought together at the colloquium some of the few philosophers of scien­ ce working in. this field who share this common goal, and we hope that their essays will stimulate further work. -The contributions to the long-standing enterprise, though perhaps not as urgent, are no less valuable.

Business & Economics --- Economic Theory

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Migration, commuting, and tourism are prominent phenomena demonstrating the political and economic relevance of the spatial choice behavior of households. The identification of the determinants and effects of the households' location choice is necessary for both entrepreneurial and policy planners who attempt to predict (or regulate) the future demand for location-specific commodities, such as infrastructure, land, or housing, and the supply of labor. Microeconomic studies of the spatial behavior of individuals have typically focused upon the demand for a single, homogeneous, yet location-specific com­ 2 modity (such as land! or housing ) or their supply of labor3 and investigated the formation of location-specific prices and wages in the presence of transportation and migration costs or analyzed the individual-and location-specific character­ istics triggering spatial rather than quantitative or temporal adjustments. In contrast to many theoretical analyses, empirical studies of the causes or con­ sequences of individual demand for location-specific commodities have often considered several "brands" of a heterogeneous good that are offered at various locations, are perfect substitutes, and may be produced by varying production 4 technologies. lCf. Alonso (1964) 2Cf. Muth (1969). 3Cf. Sjaastad (1962) and Greenwood (1975).

Business & Economics --- Economic Theory

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Business & Economics --- Economic Theory

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Economic Theory --- Business & Economics