@article{Davis:20525,
      recid = {20525},
      author = {Davis, George C.},
      title = {CONFIRMATION AND FALSIFICATION OF EQUILIBRIUM DISPLACEMENT  MODELS},
      address = {2001},
      number = {374-2016-19852},
      series = {Selected Paper},
      pages = {46},
      year = {2001},
      abstract = {One of the most important principles in any science is  testing and consequently confirmation and falsification.   In agricultural economics, the equilibrium displacement  model is a popular modeling approach that presently is not  testable and consequently cannot be confirmed or falsified.   This paper presents four increasingly sophisticated  procedures designed to overcome this limitation of  equilibrium displacement models.  An empirical illustration  demonstrates the usefulness of these procedures in deciding  between three alternative and theoretically viable  equilibrium displacement models.},
      url = {http://ageconsearch.umn.edu/record/20525},
      doi = {https://doi.org/10.22004/ag.econ.20525},
}