We analyze the performance of firms in the German business-related services sector. A quarterly business survey provides the panel data base of our study. Firm performance is measured by the survey respondents' ordinal indication of their changes in total sales. We use a firstorder Markov chain...

We examine the upward labor income mobility of men and women in Germany using the GSOEP Cross National Equivalent File. Women have greater overall income mobility. However, utilizing a measure of upward income mobility and calculating the posterior probability that men's upward income mobility...

In this paper, we propose an analytic analogue to the simulation procedure described in Taylor (1997). We apply the formulas to a Belgian data set and discuss the interaction between a priori and a posteriori ratemakings.

We are dealing with the ruin probability and the expected ruin time in a two state Markov model ...

Most software reliability growth models specify the expected number of failuresexperienced as a function of testing effort or calendar time. However, there areapproaches to model the development of intermediate factors driving failureoccurrences. This paper starts out with presenting a model...