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...

Although golf is a popular activity and significant industry, there is little known about the price elasticity of demand for golf, nor the benefits received by the golfers themselves. Using a survey of Colorado golfers at 19 golf courses and a relatively novel hybrid individual observation and...

With global media reporting major environmental disasters, environmental damages linked to large oil spills may go well beyond the territorial limits of affected countries, particularly in the case of passive use values. In this analysis, we compare environmental damages linked a large oil spill...