TY  - CPAPER 
AB  - 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.
AU  - Davis, George C.
DA  - 2001
DA  - 2001
DO  - 10.22004/ag.econ.20525
DO  - doi
ID  - 20525
KW  - Research Methods/Statistical Methods
L1  - https://ageconsearch.umn.edu/record/20525/files/sp01da03.pdf
L2  - https://ageconsearch.umn.edu/record/20525/files/sp01da03.pdf
L4  - https://ageconsearch.umn.edu/record/20525/files/sp01da03.pdf
LA  - eng
LA  - English
LK  - https://ageconsearch.umn.edu/record/20525/files/sp01da03.pdf
N2  - 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.
PY  - 2001
PY  - 2001
T1  - CONFIRMATION AND FALSIFICATION OF EQUILIBRIUM DISPLACEMENT MODELS
TI  - CONFIRMATION AND FALSIFICATION OF EQUILIBRIUM DISPLACEMENT MODELS
UR  - https://ageconsearch.umn.edu/record/20525/files/sp01da03.pdf
Y1  - 2001
T2  - Selected Paper
ER  -