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Remarks on a model of competitive bidding for employment
Published online by Cambridge University Press: 14 July 2016
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.
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- Copyright © Applied Probability Trust 1983
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