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Random parameters logit models have emerged as a standard approach in estimating public preferences for a range of goods and services. However, to simplify calculation of welfare measures, the marginal utility of income is often assumed to be constant across the population. We show that by...
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Paper removed by author 02/04/09.
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Like many tourist destinations, Newport, Rhode Island relies upon high season tourist volumes for its economic health. Most visitors arrive by car, concentrated during certain hours on summer weekends, severely congesting the town's major arteries and forcing many visitors to spend considerable...
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