Abstract In this paper a new probability density function with bounded domain is presented. This distribution arises from the Marshall–Olkin extended exponential distribution proposed by Marshall and Olkin (1997). It depends on two parameters and can be considered as an alternative to the...

Abstract In the area of stress-strength models, there has been a large amount of work regarding the estimation of the reliability {R=\Pr(XY)} . The algebraic form for {R=\Pr(XY)} has been worked out for the vast majority of the well-known distributions when X and Y are independent random...

In his 1984 paper in Management Science, McEntire conjectured that all concave utility functions satisfy his independence-from-irrelevant-assets (IIA) property. This paper shows that this conjecture is false. The paper provides several families of utility functions, all of whose members violate...

The paper derives a closed form solution for the maximal surplus generated by the pivotal mechanism in the case of a binary public good. The formula may be used to compare the pivotal mechanism to other mechanisms. An illustration is provided to demonstrate how such a comparison may be made.