This paper develops a family of autoregressive conditional duration (ACD) models that encompasses most specifications in the literature. The nesting relies on a Box-Cox transformation with shape parameter [delta] to the conditional duration process anda possibly asymmetric shocks impact curve....

Jonathan Swift’s masterpiece, Gulliver’s Travels, considered at first a children’s book, has been for a long time the subject of a debate among philosophers, political scientists, and literary critics. Apart from its keen political satire, Gulliver’s Travels approaches in a very...