We study the statistical properties of heterogeneous agent models. Using aBewley-Hugget-Aiyagari model we compute the density function of wealth and in-come and use it for likelihood inference. We study the finite sample properties of themaximum likelihood estimator (MLE) using Monte Carlo...

In this paper, we study the statistical properties of heterogeneous agent models with incomplete markets. Using a Bewley-Hugget-Aiyagari model we compute the equilibrium density function of wealth and show how it can be used for likelihood inference. We investigate the identifiability of the...

The Kies probability model was proposed as an alternative to the extended Weibull models as it provides a more efficient fit to some real-life data sets in comparison to the aforementioned models. The paper proposes classical and Bayesian inferences for the Kies distribution based on records....

The clustering of their letter shapes is performed based on the pairwise distances between their topological signatures.The article presents a new probability distribution, created by compounding the Poisson distribution with the weighted exponential distribution. Important mathematical and...

In this paper, the two-parameter Akash distribution is generalized to size-biased twoparameter Akash distribution (SBTPAD). A further modification to SBTPAD is introduced, creating the power size-biased two-parameter Akash distribution (PSBTPAD). Several statistical properties of PSBTPAD...

In this paper we propose and test a composite generalizer of the Lomax distribution .The genesis of the beta distribution and transmuted map is used to develop the so-called beta transmuted Lomax (BTL) distribution. The properties of the distribution are discussed and explicit expressions are...