Not All Explanations Predict Satisfactorily, and Not All Good Predictions Explain

This short comment on Epstein's (2008) paper and on the response by Thompson and Derr argues that the symmetry between explanation and prediction cannot satisfactorily be discussed without making clear what prediction means - depending on which connotations the authors have with 'prediction' their arguments can or cannot be accepted.[No keywords]

Vertical Product Differentiation When Quality is Unobservable to Buyers

We analyze vertical product differentiation in a model where a good’s quality is unobservable to buyers before purchase, a continuum of quality levels is technologically feasible, and minimum quality is supplied under competitive conditions. After purchase the true quality of the good is revealed with positive probability. To provide firms with incentives to actually deliver promised quality, prices must exceed marginal cost. We derive sufficient conditions for these incentive constraints to determine equilibrium prices, and show that under certain conditions only one or both of the extreme levels of quality, minimum and maximum quality, are available in the market.experience goods, product differentiation, product quality, asymmetric information

Epistemological Perspectives on Simulation

This special section includes papers originally presented at a workshop on \'Epistemological Perspectives on Simulation\' in July 2004 at the University of Koblenz, in which some thirty colleagues participated. It had been our impression that there was (and still is) a small, but growing number of researchers who are interested in investigating the preconditions of successfully deploying simulation as a research tool. We were convinced that discussing the epistemological status of simulation in a cross-disciplinary setting could contribute to a deeper understanding of relevant issues and so it proved.Simulation, Epistemology, Methodology

Three years of experience with the STELLA robotic observatory

Since May 2006, the two STELLA robotic telescopes at the Izana observatory in Tenerife, Spain, delivered an almost uninterrupted stream of scientific data. To achieve such a high level of autonomous operation, the replacement of all troubleshooting skills of a regular observer in software was required. Care must be taken on error handling issues and on robustness of the algorithms used. In the current paper, we summarize the approaches we followed in the STELLA observatory

Uncertainty in Spatial Duopoly with Possibly Asymmetric Distributions: a State Space Approach

In spatial competition firms are likely to be uncertain about consumer locations when launching products either because of shifting demograph- ics or of asymmetric information about preferences. Realistically distri- butions of consumer locations should be allowed to vary over states and need not be uniform. However, the existing literature models location uncertainty as an additive shock to a uniform consumer distribution. The additive shock restricts uncertainty to the mean of the consumers loca- tions. We generalize this approach to a state space model in which a vector of parameters gives rise to different distributions of consumer tastes in dif- ferent states, allowing other moments (besides the mean) of the consumer distribution to be uncertain. We illustrate our model with an asymmetric consumer distribution and obtain a unique subgame perfect equilibrium with an explicit, closed-form solution. An equilibrium existence result is then given for the general case. For symmetric distributions, the unique subgame perfect equilibrium in the general case can be described by a simple closed-form solution.Location, Product Differentiation, Uncertainty, Hotelling

CONSUMERS’ WILLINGNESS TO BUY FOOD VIA THE INTERNET: A REVIEW OF THE LITTERATURE AND A MODEL FOR FUTURE RESEARCH

In the first part of the paper, existing studies on consumer propensity to buy via the Internet are reviewed in an attempt to shed light on factors explaining consumer willingness to buy food via the Internet. Following a model by Sindhav and Balazs (1999), determinants relating to medium, product, consumer, firm and environment are distinguished. In order to draw the various results together and provide a coherent framework for future research, we then propose a model which combines the Theory of Planned Behaviour and the lifestyle construct. The model can be used to analyse how beliefs affecting consumers intention to buy food via the Internet are formed and changed due to experience with such shoppingNo keywords;