Hi all,
In order to compare coefficient parameters in models using different decision rules, namely random regret minimization and random utility maximization, Hensher, Greene and Chorus (2013) and Chorus and Bierlaire (2013) put forth using the direct choice elasticity and cross elasticity of parameter estimates. Does anyone have used the output from Apollo to calculate the direct choice elasticity and cross elasticity before? Please share your experience here. Thanks!
Chorus, C.G., & Bierlaire, M. (2013). An empirical comparison of travel choice models that capture preferences for compromise alternatives. Transportation 40, 549–562. https://doi.org/10.1007/s11116-012-9444-3
Hensher, D.A., Greene, W.H. and Chorus, C.G. (2013), Random regret minimization or random utility maximization: an exploratory analysis in the context of automobile fuel choice. Journal of Advanced Transportation, 47, 667-678. doi:10.1002/atr.188
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Direct choice elasticity and cross elasticity of parameter estimates of models using different decision rules
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stephanehess
- Site Admin
- Posts: 998
- Joined: 24 Apr 2020, 16:29
Re: Direct choice elasticity and cross elasticity of parameter estimates of models using different decision rules
Hi Derek
look e.g. at Apollo_example_3.r on the website
Stephane
look e.g. at Apollo_example_3.r on the website
Stephane
Re: Direct choice elasticity and cross elasticity of parameter estimates of models using different decision rules
Hi Stephane,
Thanks a lot. I overlook this Apollo_example_3.r.
Wishing you a Merry Christmas along with a Happy New Year!
Derek
Thanks a lot. I overlook this Apollo_example_3.r.
Wishing you a Merry Christmas along with a Happy New Year!
Derek