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EMPIRICAL C0MPARIS0N 0F METH0DS
SUMMARY AND C0NCLUSI0NS
1 other sections not shown
0ne-Fourth Zero Variable 0ne-Half 0ne-Fourth Zero 90 percent level 95 percent assumptions bias Box-Cox transformation C0ST Cesario characteristic demand functions coefficients composite commodity consumer surplus estimates costs and travel defined demand curve demand equations density Dependent variable derived entry fee explanatory variables F-test Full 0ne-Half 0ne-Fourth functional form Harold Parker HED0NIC M0DEL hedonic approach hedonic method hedonic model hedonic price included Income Income Income Income Income Number individual's Intercept Ladd and Suvannunt level of congestion likelihood function linear marginal cost marginal implicit prices McC0NNELL mean individual money terms multicollinearity Myles Standish non-unique Number of 0bservations number of visits Numbers in parentheses on-site order conditions parentheses are t-statistics produced recreation area regressions semi-log Significant at 95 travel cost method travel cost model travel time valued utility maximization Variable Income Income vector visits and solitude wage rate willingness-to-pay method willingness-to-pay model yields zero income Zero Variable Income