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Characterizations on Heavy-tailed Distributions by Means of Hazard Rate
equilibrium distribution hazard rate
2007/12/10
Let F(x) be a distribution function supported on [0,∞), with an equilibrium distribution function F_e(x). In this paper we shall study the function r_e(x) = (-ln F-bar e(x))' = F-bar(x)/∫_x~∞ F-bar (u...