Ordering properties of order statistics from random variables of Archimedean copulas with applications

Xiaohu Li and Rui Fang

Journal of Multivariate Analysis, 2015, vol. 133, issue C, 304-320

Abstract: Ordering properties on order statistics from heterogeneous observations have been paid lots of attention. This article devotes to investigating the ordering properties on order statistics from statistically dependent observations. We build the likelihood ratio order and the (reversed) hazard rate order of the extremal values and their adjacent order statistics. Also, some applications of our comparison results in TTE model and its dual version, auction theory and k-out-of-n reliability systems are presented.

Keywords: Hazard rate order; Likelihood ratio order; Majorization; Proportional hazards (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jmvana:v:133:y:2015:i:c:p:304-320

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DOI: 10.1016/j.jmva.2014.09.016

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