The environmental risk associated with genetically modified organisms (GMO) implies that new approaches to risk assessment, risk management and risk communication are needed. In this paper we discuss the role of the precautionary principle in policy responses to GMO risk. We first discuss...

We propose a method to incorporate information from Dynamic Stochastic General Equilibrium (DSGE) models into Dynamic Factor Analysis. The method combines a procedure previously applied for Bayesian Vector Autoregressions and a Gibbs Sampling approach for Dynamic Factor Models. The factors in...

Resources for the Future (RFF), in conjunction with the U.S. Environmental Protection Agency, the Society for Risk Analysis, and the Electric Power Research Institute, held a workshop September 18–20, 2000, at the RFF Conference Center in Washington, D.C. The intent was to discuss how Bayesian...