Remarks on a model of competitive bidding for employment
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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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1982 ◽
Vol 19
(03)
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pp. 562-577
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