On asymptotic failure rates in bivariate frailty competing risks models
AbstractA bivariate competing risks problem is considered for a rather general class of survival models. The lifetime distribution of each component is indexed by a frailty parameter. Under the assumption of conditional independence of components the correlated frailty model is considered. The explicit asymptotic formula for the mixture failure rate of a system is derived. It is proved that asymptotically the remaining lifetimes of components tend to be independent in the defined sense. Some simple examples are discussed.
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Bibliographic InfoPaper provided by Max Planck Institute for Demographic Research, Rostock, Germany in its series MPIDR Working Papers with number WP-2006-023.
Length: 12 pages
Date of creation: Aug 2006
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Find related papers by JEL classification:
- J1 - Labor and Demographic Economics - - Demographic Economics
- Z0 - Other Special Topics - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-08-19 (All new papers)
- NEP-BEC-2006-08-19 (Business Economics)
- NEP-ECM-2006-08-19 (Econometrics)
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