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Vacation travel in the USA, which constitutes about 25% of all long-distance travel, has been increasing consistently over the past two decades and warrants careful attention in the context of regional and statewide transportation air quality planning and policy analysis, as well as tourism...
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We compare two approaches for estimating the distribution of consumers' willingness to pay (WTP) in discrete choice models. The usual procedure is to estimate the distribution of the utility coefficients and then derive the distribution of WTP, which is the ratio of coefficients. The alternative...
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