The authors investigate the effect of information on users' participation decisions at a free-access congestible facility that is subject to unpredictable fluctuations in capacity and demand. With demand isoelastic in user cost and user cost isoelastic in the ratio of demand to capacity, optimal...

There is a growing interest in the development and the use of large-scale planning models. In this paper, we describe the first step of a project to integrate UrbanSim, a dynamic microsimulation land use model, and METROPOLIS, a dynamic traffic model. This is the first attempt, to our knowledge,...

Full paper available at "https://ssrn.com/abstract=3141041" https://ssrn.com/abstract=3141041We first present simulations investigating some properties of the Inverse Product Differentiation Logit (IPDL) model. Next, we provide a range of general methods for building Generalized Logit (GL)...

In a vertically differentiated durable goods duopoly, prices tend to decline over time because the high-quality manufacturer's future product may compete more directly with the other firm's present product than with its own. This removes the standard reason not to cut prices (Stokey, 1979)....

For a large class of additive random utility discrete choice models with income effects, we compute the probability distribution of the compensating variation. We show that the cumulative distribution function only depends on the choice probabilities. Our results are used to compute the...