Very large Choice Sets
Marginal
Effects and Elasticities
The most significant revision in version 1.1 is that DCM now allows
uses to compute marginal effects and elasticties for the
Conditional Logit, Mixed Logit, Nested Logit, and Multinomial Probit
model.
The GetElasticty() function may be called after model
estimation and for J alternatives generates a J x J
elasticity matrix for each attribute. The new version of the manual
provides an extensive discussion (with examples) of this function, and
also provides formulaes for all elasticity calculations.