Estimating MDCEV model with a price atrribute
Posted: 21 Jun 2023, 15:43
Dear developers,
I wanted to estimate MDCEV model with my SP data where each choices also have a price attribute.
I saw that in the Apollo manual, the sample data (time use data) for MDCEV does not include prices. As I understood, the base model of MDCEV assumes that there’s no price variation between inside goods. Is that correct?
I'm wondering how to include the price attribute into the MDCEV model. Is it possible to do that in Apollo, and how?
I wanted to estimate MDCEV model with my SP data where each choices also have a price attribute.
I saw that in the Apollo manual, the sample data (time use data) for MDCEV does not include prices. As I understood, the base model of MDCEV assumes that there’s no price variation between inside goods. Is that correct?
I'm wondering how to include the price attribute into the MDCEV model. Is it possible to do that in Apollo, and how?