Is general equilibrium empirically testable?

P. A. Chiappori

Economic Theory Bulletin2026https://doi.org/10.1007/s40505-025-00303-2article
ABDC B
Weight
0.50

Abstract

1 See Chiappori and Ekeland (2004) for a detailed presentation.2 This result directly follows from a revealed preference characterization of excess demand functions.The Weak axiom, for instance, gives q z ( p) 0 p z (q) 0, p, q Obviously, if this property holds true for z, it also holds for z = z if > 0. Extension to the Strong or General axioms is straightforward.

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https://doi.org/https://doi.org/10.1007/s40505-025-00303-2

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@article{p.2026,
  title        = {{Is general equilibrium empirically testable?}},
  author       = {P. A. Chiappori},
  journal      = {Economic Theory Bulletin},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1007/s40505-025-00303-2},
}

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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