Policy models such as Input-Output (IO) or Computable General Equilibrium (CGE) are deterministic, with exogenous final demand shocks producing point estimates of local impacts. Confidence intervals around these point estimates, while desirable, are not readily available. Using the causal...

The effects of travel distance on visitation and associated recreation benefits are tested for a large national park. Visitor responses to a survey depicting various natural resource scenarios at Rocky Mountain National Park were used to estimate the effects of distance traveled on nature-based...

The choice of weights is a non-nested problem in most applied spatial econometric models. Despite numerous recent advances in spatial econometrics, the choice of spatial weights remains exogenously determined by the researcher in empirical applications. Bayesian techniques provide statistical...