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O'Hara G. (2005) A journey without maps: the regional policies of the 1964-70 British Labour Government, Regional Studies 39 , 1183-1195. This paper examines four influences on British regional policy in the late 1960s: party politics in the context of the economic environment; the structure of...
Persistent link: https://www.econbiz.de/10005278616
The paper derives forecasting and signal extraction estimates for continuous time processes. We present explicit formulas for filters and filter kernels that yield minimum mean square error estimates of future values of the process or an unobserved component, based on a continuum of values in...
Persistent link: https://www.econbiz.de/10010848636
-Scholes theory, we derive a pricing formula for a European option from the proposed replication strategy that is quite different from … works in practice and then compare with a replication strategy based on the Black-Scholes theory. …
Persistent link: https://www.econbiz.de/10010860413
We analyze waiting times for price changes in a foreign currency exchange rate. Recent empirical studies of high-frequency financial data support that trades in financial markets do not follow a Poisson process and the waiting times between trades are not exponentially distributed. Here we show...
Persistent link: https://www.econbiz.de/10010873455
In this paper, we numerically study the effect of channel block on the spiking temporal coherence and spatial synchronization on Hodgkin–Huxley (HH) neuron networks. It is found that under sodium CB the spike coherence is badly reduced, and the synchronization can, depending on the network...
Persistent link: https://www.econbiz.de/10010873579
We show, on the basis of our recently introduced stochastic model, that triangular arbitrage makes the auto-correlation function of foreign exchange rates negative in a short time scale.
Persistent link: https://www.econbiz.de/10010873950
We study the impact of a localized defect in a cellular automaton model for traffic flow which exhibits metastable states and phase separation. The defect is implemented by locally limiting the maximal possible flow through an increase of the deceleration probability. Depending on the magnitude...
Persistent link: https://www.econbiz.de/10010873962