PRICE ENDOGENOUS MATHEMATICAL PROGRAMMING MODELS AND INTEGRABILITY: AN ALTERNATIVE APPROACH

Mark A. Peters and Thomas Spreen

No 270478, 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The methodology utilized in much of the demand systems literature sets out to empirically test consumer theory in a logical positivist manner, but, inevitably the theory fails. If Karl Popper's agenda were consistently ~pplied the theory would cease to exist. Yet, economists are uneasy about destroying old dictums. So, empirically unsupported theoretical constraints are imposed on the data. If the theory is assumed to always hold ( an apriorist philosophy) then it should not be tested, and should be imposed from the beginning.

Keywords: Consumer/Household Economics; Demand and Price Analysis; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 21
Date: 1989-07-30
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea89:270478

DOI: 10.22004/ag.econ.270478

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