This paper examines a compound collective risk model in which the primary distribution comprised the Poisson–Lindley distribution with a λ parameter, and where the secondary distribution is an exponential one with a θ parameter. We consider the case of dependence between risk profiles (i.e.,...

In Bayesian analysis it is usual to assume that the risk profiles [Theta]1 and [Theta]2 associated with the random variables "number of claims" and "amount of a single claim", respectively, are independent. A few studies have addressed a model of this nature assuming some degree of dependence...

As part of their practice, policymakers have to make economic evaluations using clinical trial data. Recent interest has been expressed in determining how cost-effectiveness analysis can be undertaken in a regression framework. In this respect, published research basically provides a general...