Optimal transportation and the falsifiability of incompletely specified economic models

Ivar Ekeland, Alfred Galichon () and Marc Henry
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Ivar Ekeland: CEREMADE - CEntre de REcherches en MAthématiques de la DEcision - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique

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Abstract: 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.

Date: 2010
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Published in Economic Theory, 2010, 42 (2), pp.355 - 374. ⟨10.1007/s00199-008-0432-y⟩

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Related works:
Working Paper: Optimal transportation and the falsifiability of incompletely specified economic models (2021)
Journal Article: Optimal transportation and the falsifiability of incompletely specified economic models (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03417660

DOI: 10.1007/s00199-008-0432-y

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