Valuing Policy Characteristics and New Products using a Simple Linear Program
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The Random Utility Model (RUM) is a workhorse model for valuing new products or changes in public goods. But RUMs have been faulted along two lines. First, for including idiosyncratic errors that imply unreasonably high values for new alternatives and unrealistic substitution patterns. Second, for
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美国国家经济研究局创建时间：
2024-12-01
