Valuing Incremental Highway Capacity in a Network
---- Acknowledgements -----
The first author’s research was completed while he was a Post-doctoral Fellow at ASU. Thanks are due Michael Kaminsky for excellent research assistance, to Mike Keane for suggesting a direct approach for implementing our two step estimator, and to Natalie Cardita and Jon Valentine for assistance in preparing this manuscript. Partial support for the research was provided by ASU’s Decision Center for a Desert City. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.