Kenneth Train . <BR> JEL #: C15, C25<BR> Keywords: mixed logit, Halton<BR> The simulation variance in the estimation of mixed logit parameters is found, in our application, to be lower with 100 Halton draws than with 1000 random draws. This finding confirms Bhat's (1999a) results and implies significant...

Understanding the causes of high unemployment requires first understanding the structure of labor markets. This is an historical agenda, since it is only over time that there is significant variation in the institutions structuring labor market outcomes. This paper therefore adopts a long view...

Bronwyn H. Hall, Albert N. Link and John T. Scott. <BR> Keywords: private-public, industry-university, partnerships, Advanced Technology Program<BR> Universities are a key institution in the US innovation system and an important aspect of their involvement is the role they play in Private-Public...

The paper shows that competitive forces in club economies lead to admissions prices that can be decomposed as linear prices on externality-producing attributes, where each member pays the same amount per unit attribute contributed. The externalities prices are sufficient to cover the costs of...

This paper defines a general equilibrium model with exchange and club formation. Agents trade multiple private goods widely in the market, can belong to several clubs, and care about the characteristics of the other members of thei r clubs. The space of agents and the number of possible club...