Optimal transportation and the falsifiability of incompletely specified economic models
Ekeland, Ivar; Galichon, Alfred; Henry, Marc (2010), Optimal transportation and the falsifiability of incompletely specified economic models, Economic Theory, 42, 2, p. 355 - 374. 10.1007/s00199-008-0432-y
Type
Article accepté pour publication ou publiéDate
2010Journal name
Economic TheoryVolume
42Number
2Publisher
Springer
Pages
355 - 374
Publication identifier
Metadata
Show full item recordAuthor(s)
Ekeland, IvarCEntre de REcherches en MAthématiques de la DEcision [CEREMADE]
Galichon, Alfred
Henry, Marc
Centre interuniversitaire de recherche en analyse des organisations [CIRANO]
Centre interuniversitaire de recherche en économie quantitative [CIREQ]
Abstract (EN)
A general framework is given to analyze the falsifiability of economic models based on a sample of their observable components. It is shown that, when the restrictions implied by the economic theory are insufficient to identify the unknown quantities of the structure, the duality of optimal transportation with zero–one cost function delivers interpretable and operational formulations of the hypothesis of specification correctness from which tests can be constructed to falsify the model.Subjects / Keywords
incompletely specified models; optimal transportationRelated items
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