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A family of bivariate Pareto distributions

Author

Listed:
  • P. G. Sankaran

    (Cochin University of Science and Technology - India)

  • N. Unnikrishnan Nair

    (Cochin University of Science and Technology - India)

  • Preethi John

    (Cochin University of Science and Technology - India)

Abstract

Pareto distributions have been extensively used in literature for modelling and analysis of income and lifetime data. In the present paper, we introduce a family of bivariate Pareto distributions using a generalized version of dullness property. Some important bivariate Pareto distributions are derived as special cases. Distributional properties of the family are studied. The dependency structure of the family is investigated. Finally, the family of distributions is applied to two real life data situation.

Suggested Citation

  • P. G. Sankaran & N. Unnikrishnan Nair & Preethi John, 2014. "A family of bivariate Pareto distributions," Statistica, Department of Statistics, University of Bologna, vol. 74(2), pages 199-215.
    • Handle: RePEc:bot:rivsta:v:74:y:2014:i:2:p:199-215
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    Cited by:

    1. Indranil Ghosh & Osborne Banks, 2021. "A Study of Bivariate Generalized Pareto Distribution and its Dependence Structure Among Model Parameters," Sankhya B: The Indian Journal of Statistics, Springer;Indian Statistical Institute, vol. 83(2), pages 575-604, November.

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