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Let a sequence of binary (zero–one or failure–success) trials ordered on a line. We consider runs of successes of length at least equal to a fixed number. The statistics denoting the size (length) as well as the starting and ending positions of the minimum subsequence containing all such...
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Much of the research on industry dynamics focuses on the interdependence between the sectorial rates of entry and exit.This paper argues that the size of firms and the reaction-adjustment period are important conditions missed in this literature.I illustrate the effects of this omission using...
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Concerns specific to central bank independency, both on scientific and practical levels, have highly occurred in the … mainly guided by taking into account the independency level, which the monetary authority should have upon government; though … approaches aspects related to central bank independency, both economical and political, as well as the legal components influence …
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