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This paper is concerned with the implicit values of urban accessibility and air quality in Sweden. Based on the hedonic wage and rent theory, we construct an econometric model to compute such values, and illustrate their implications for regional sustainability analysis. It is shown that for...
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This paper is concerned with the estimation of the binary choice model without imposing any parametric structure on the distribution of the stochastic term. We adapt the distribution-free maximum likelihood method developed by Cosslett (1983) for deriving the contingent value function with...
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