Traditionally, integration has been studied at the country level. With increasing economic integration, industrial reorganization, and blurring of national boundaries (e.g., EU), it is important to investigate global integration at the industry level. We argue that country-level integration (segmentation) does not preclude industry-level segmentation (integration). Indeed, our results suggest t...

deviding both the subjects and the predicates of the categorical propositions into actuality and verity, afzal al-din khunaji states the actuality-parts as adjectives, but verity-parts in three forms: as simple, as relational and as conditional. since the adjectives are formulated in modern logic by conjunction, we can formulate actuality-parts as conjunctions. verity-parts can be formulated at...

While there is a significant amount of research on integration differences across countries, the integration variations across industry or market capitalization groups within a single country have been largely unexplored. The degree of integration, however, varies widely crosssectionally. In this paper, we analyze the degree of integration of Russian stocks grouped into five size and five indus...

Three integration schemes, namely, coherent, noncoherent, and semi-coherent integration, and their variants are described in this paper for signal detection and tracking in such applications as pulsed Doppler radar and GPS receiver. We adopt a unified approach to present such integration schemes as best approximations to the likelihood ratio test (LRT) when the signal models are partially known...

Both the dynamics of belief change and the process of reasoning by default can be based on the conditional beZief set of an agent, represented as a set of “if-then” rules. In this paper we address the open problem of formalizing the dynamics of revising this conditional belief set by new if-then rules, be they interpreted as new default rules or new revision policies. We start by providing a pu...

A considerable amount of studies have been established on conditional reasoning supporting mental model theory of propositional reasoning. Mental model theory proposed by Johnson- larid and Byrne is an explanation of someone's thought process about how something occurs in the real world. Conditional reasoning as a kind of reasoning is the way to speak about possibilities or probabilities. The a...

in this paper the conditional location problem is discussed. conditional location problems have a wide range of applications in location science. a new meta-heuristic algorithm for solving conditional p-median problems is proposed and results are compared to those of the previous studies. this algorithm produces much better results than the previous formulations.

We extend the Pukthuanthong and Roll (2009) measure of integration to provide an estimate of systemic risk within international equity markets. Our measure indicates an increasing likelihood of market crashes. The conditional probability of market crashes increases substantially following increases of our risk measure. High levels of our risk measure indicate the probability of a global crash i...