There is a vast literature on the selection of an appropriate index of income inequality and on what desirable properties such a measure (or index) should contain. The Gini index is, of course, the most popular. There is a concurrent literature on the use of hypothetical statistical...

There is a vast literature on the selection of an appropriate index of income inequality and on what desirable properties such a measure (or index) should contain. The Gini index is, of course, the most popular. There is a concurrent literature on the use of hypothetical statistical...

In this paper we propose to estimate the value distribution of independently and identically repeated first-price auctions directly via a semi-nonparametric integrated simulated moments sieve approach. Given a candidate value distribution function in a sieve space, we simulate bids according to...

Spatial processes having covariance functions that depend solely on the distance between locations are known as homogeneous. Many random processes on the sphere are not homogeneous, especially in the latitudinal dimension. As a result, we study a class of statistical processes that exhibit axial...

We study in this paper the extremal behavior of stochastic integrals of Legendre polynomial transforms with respect to Brownian motion. As the main results, we obtain the exact tail behavior of the supremum of these integrals taken over intervals [0,h] with h0 fixed, and the limiting...