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Remarks on a model of competitive bidding for employment

Published online by Cambridge University Press:  14 July 2016

Anthony G. Pakes
Anthony G. Pakes*
Affiliation:
The University of Western Australia
*
∗ Postal address: Department of Mathematics, The University of Western Australia, Nedlands, WA 6009, Australia.
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Abstract

Arnold and Laguna introduced a model for income distributions in which the income of the present generation of individuals has the same distribution as the minimum of a random number Nn of independent copies of some random variable and {Nn} is independent. The present paper gives a fairly complete analysis of this model and a number of extensions of it.

Keywords

INCOME DISTRIBUTIONSBRANCHING PROCESSSAMPLE EXTREMES
Type
Research Papers
Information
Journal of Applied Probability , Volume 20 , Issue 2 , June 1983 , pp. 349 - 357
Copyright
Copyright © Applied Probability Trust 1983 

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References

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