On the Empirical Content of Demand Analysis

Anton P. Barten

Journal of Agricultural and Applied Economics, 2003, vol. 35, issue Supplement, 11

Abstract: Falsification of nontrivial empirical statements, of a statistical nature or not, is basically destructive. No wonder that it is rarely practiced. Rather than then abandoning a rejected null hypothesis, one tries to salvage it by looking for reasons why the rejection of an otherwise credible, plausible hypothesis occurs. One then attempts to modify the set-up in such a manner that formal rejection is avoided. Testing, in general, but specifically of nonnested hypotheses, can be seen as a kind of model selection. These issues are illustrated with examples from applied demand analysis: the testing of the homogeneity condition and of Slutsky symmetry and the choice of functional form for demand systems.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:43219

DOI: 10.22004/ag.econ.43219

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