We describe and employ a Bayesian posterior simulator for fitting a high-dimensional system of ordinal or count outcome equations. The model is then applied to describe the multiple site recreation demands of individual agents, and we argue that our approach provides advantages relative to...

This article seeks to provide an explanation for the relationship between domestic maize price in South Africa and world maize prices in order to evaluate comovement and transmission of world prices to domestic prices in sub-Sahara African countries. This is done by comparing nested and...

Time-constant assumptions in discrete-response heterogeneity models can often be violated. To address this, a time-varying heterogeneity approach to model unobserved heterogeneity in ordered response data is considered. A Markov switching random parameters structure (which accounts for...

Using data from both the National Longitudinal Survey of Youth (NLSY) and High School and Beyond (HSB), we investigate if public high schools differ in the “production” of earnings and if rates of return to future education vary with public high school attended. Given evidence of such...

This paper seeks to empirically extend the gravity model, which has been widely used to analyze volumes of trade between pairs of countries. We generalize the basic threshold tobit model by allowing for the inclusion of country-specific effects into the analysis and also show how one can explore...