This paper proposes a nonparametric test of exogenous participation in first-price auctions. Exogenous participation means that the valuation distribution does not depend on the number of bidders. Our test is motivated by the fact that two valuation distributions are the same if and only if...

In a recent paper Ali and Son (2007) suggested measuring the concept of "inclusive growth" via the use of what they called a "social opportunity function". The latter was assumed to depend on the average opportunities available in the population and to give greater weight to the opportunities...

In a recent paper Ali and Son (2007) suggested measuring the concept of "inclusive growth" via the use of what they called a "social opportunity function". The latter was assumed to depend on the average opportunities available in the population and to give greater weight to the opportunities...

The objective of this paper is to derive some integer-majorization results for variable-sum comparisons. We use an axiomatic framework to establish equivalence between several intuitively reasonable conditions.