This paper examines the role of cross-sectional heterogeneity for estimating the euro's effect on euro-area trade. In the empirical analysis, the impact of trade costs on trade and the transition dynamics to the new monetary regime can vary cross-sectionally in trade sectors and country pairs....

We provide new criteria for existence of an invariant probability measure, asymptotic stability and complete mixing of Markov operators having asymptotically equicontinuous transition functions.

In this paper a widely-studied model in Population Genetics, the so-called Infinitely- Many-Alleles model with neutral mutation, is reinterpreted in terms of a timedependent Bayesian nonparametric statistical model, where the prior of the model is described by the Neutral Fleming-Viot process. A...