Elasticity Measures and Disaggregate Choice Models

Elasticity Measures and Disaggregate Choice Models

There are dangers in the use of some measures, but an approximate arc elasticity performs well.

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Econometric Issues in Stated Preference Analysis

The error structure of SP models is a somewhat neglected topic. Utility functions from SP data cannot usually be used directly in demand forecasting. Market segment techniques should be used to deal with this till new techniques have been developed. More research is needed.

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