Politicians’ efforts to stay in office may lead to the occurrence of political cycles in legislation activity. The aim of this article is to analyze the political legislation cycles in a post-socialist economy of a young democracy, namely in the Czech Republic. Our estimation of the...

Vector generalized linear models (VGLMs) as implemented in the vgamR package permit multiple parameters to depend (via inverse link functions) on linear predictors. However it is often the case that one wishes different parameters to be related to each other in some way (i.e., to jointly satisfy...

A real-options approach was used, incorporating uncertainty and irreversibility of investments, to study the number of stores entering the Swedish retail food market during the period 1994-2002. It was found that uncertainty affected the entry-decision. Entry was less frequent in highly...

Statisticians are the professionals responsible for collection, presentation and analysis of data and help decision making in face of uncertainty. They are the backbone of any institution or activity facing decision under risk and uncertainty. Statistics provides a cost-effective solution for...

According to the WTO data for regional trade agreements (RTA), the number of RTA has been exponentially growing since the middle of the 1990s. As a result, many countries these days have had more than one free trade partner country. In this paper, we attempt to find out statistically important...