MDCEV Model Code

Description: Multiple Discrete-Continuous Extreme Value (MDCEV) code for model estimation and demand/welfare simulation.

Note: For R code, please see https://github.com/plloydsmith/rmdcev

For more details on the model specification:

Bhat, C.R. (2008) "The Multiple Discrete-Continuous Extreme Value (MDCEV) Model: Role of Utility Function Parameters, Identification Considerations, and Model Extensions." Transportation Research Part B, 42(3): 274-303.

For more details on the welfare simulation:

Lloyd-Smith, P (2018). "A New Approach to Calculating Welfare Measures in Kuhn-Tucker Demand Models." Journal of Choice Modeling, 26: 19-27

The code is published under a Creative Commons Attribution 4.0 License.

Citation:

Abbott, J, and Lloyd-Smith, P (2017) MDCEV Model Code (Version 1.0) [Source code]. https://github.com/plloydsmith/MDCEV