A Bayesian variable selection procedure is used to control for uncertainty in the specification of a recreational demand model. Specifically, we propose a model that draws on the Bayesian paradigm to integrate the variable selection process into the model and reflect the accompanying uncertainty...

A Bayesian variable selection procedure is used to control for uncertainty in thespecication of a recreational demand model. In contrast to comparing models basedon the likelihood values with unknown sampling properties (as in, e.g., Egan et al,2009), we propose a model that draws on the...

Random Utility Maximization (RUM) models of recreation demand are typically plaguedby limited information on environmental and other attributes characterizing the available sitesin the choice set. To the extent that these unobserved site attributes are correlated with theobserved characteristics...

 Random Utility Maximization (RUM) models of recreation demand are typically plagued by limited information on environmental and other attributes characterizing the available sites in the choice set. To the extent that these unobserved site attributes are correlated with the observed...

Consistent with its focus on social policies, Sri Lanka has devoted significant attention to worker protection. One of the main pillars of its worker protection policy is the Termination of Employment of Workman Act (TEWA) introduced in 1971. The act aims to limit unemployment by raising the...

Sri Lanka's Termination of Employment of Workmen Act (TEWA) requires that firms with 15or more employees justify layoffs and provide generous severance pay to displaced workers,with smaller firms being exempted. Athough formally subject to TEWA, firms in ExportProcessing Zones (EPZs) may have...