The recent literature on the duration of trade has predominantly analyzed the determinants of trade flow durations using Cox proportional hazards models. The purpose of this article is to show why it is inappropriate to analyze the duration of trade with continuous-time models such as the Cox...

The objective of the paper is to explore and give an overview of two central policy alternatives to improve the integration between the European Union and developing countries by removing barriers to trade: trade preferences and trade facilitation. The author reviews the relevant literatures and...

Starting from a N-particle diffusion equation for a system of N interacting spherical Brownian particles, a non-linear transport equation for concentration fluctuations δc(r, t) of the particles is derived. This dynamic equation is transformed into a hierarchy of equations for retarded...

The formalism, developed in two earlier papers, for the dynamics of interacting Brownian particles is applied to a system of charged spherical particles in solution. Memory-type transport equations are derived for the propagators of collective and self-diffusion. The memory function for...

To describe dynamical properties of a system of interacting Brownian particles stochastic transport equations are derived for the positions of the particles and their concentration fluctuations. This is achieved by an expansion of the Langevin equation for the momenta in terms of the reciprocal...

For systems of interacting Brownian particles a Fokker-Planck equation is derived for the probability distribution function of the concentration fluctuations, using assumption of a Gaussian static distribution function. The drift- and the diffusion term are determined by static correlation...

Using linear response theory the memory function of the concentration-autocorrelation function of interacting Brownian particles is related directly to the change of the longitudinal stress due to fluctuations of the local velocity gradient. This derivation is valid for arbitrary frequencies and...

Abstract This paper proposes a discrete-time hazard regression approach based on the relation between hazard rate models and excess over threshold models, which are frequently encountered in extreme value modelling. The proposed duration model employs a flexible link function and incorporates...