volume 48 issue 02 pages 841-870

ON THE EVALUATION OF MULTIVARIATE COMPOUND DISTRIBUTIONS WITH CONTINUOUS SEVERITY DISTRIBUTIONS AND SARMANOV'S COUNTING DISTRIBUTION

Publication typeJournal Article
Publication date2018-01-17
scimago Q1
wos Q1
SJR1.138
CiteScore3.1
Impact factor1.8
ISSN05150361, 17831350
Economics and Econometrics
Finance
Accounting
Abstract

In this paper, we present closed-type formulas for some multivariate compound distributions with multivariate Sarmanov counting distribution and independent Erlang distributed claim sizes. Further on, we also consider a type-II Pareto dependency between the claim sizes of a certain type. The resulting densities rely on the special hypergeometric function, which has the advantage of being implemented in the usual software. We numerically illustrate the applicability and efficiency of such formulas by evaluating a bivariate cumulative distribution function, which is also compared with the similar function obtained by the classical recursion-discretization approach.

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Tamraz M., Vernic R. ON THE EVALUATION OF MULTIVARIATE COMPOUND DISTRIBUTIONS WITH CONTINUOUS SEVERITY DISTRIBUTIONS AND SARMANOV'S COUNTING DISTRIBUTION // ASTIN Bulletin. 2018. Vol. 48. No. 02. pp. 841-870.
GOST all authors (up to 50) Copy
Tamraz M., Vernic R. ON THE EVALUATION OF MULTIVARIATE COMPOUND DISTRIBUTIONS WITH CONTINUOUS SEVERITY DISTRIBUTIONS AND SARMANOV'S COUNTING DISTRIBUTION // ASTIN Bulletin. 2018. Vol. 48. No. 02. pp. 841-870.
RIS |
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RIS Copy
TY - JOUR
DO - 10.1017/asb.2017.46
UR - https://doi.org/10.1017/asb.2017.46
TI - ON THE EVALUATION OF MULTIVARIATE COMPOUND DISTRIBUTIONS WITH CONTINUOUS SEVERITY DISTRIBUTIONS AND SARMANOV'S COUNTING DISTRIBUTION
T2 - ASTIN Bulletin
AU - Tamraz, Maissa
AU - Vernic, Raluca
PY - 2018
DA - 2018/01/17
PB - Cambridge University Press
SP - 841-870
IS - 02
VL - 48
SN - 0515-0361
SN - 1783-1350
ER -
BibTex |
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BibTex (up to 50 authors) Copy
@article{2018_Tamraz,
author = {Maissa Tamraz and Raluca Vernic},
title = {ON THE EVALUATION OF MULTIVARIATE COMPOUND DISTRIBUTIONS WITH CONTINUOUS SEVERITY DISTRIBUTIONS AND SARMANOV'S COUNTING DISTRIBUTION},
journal = {ASTIN Bulletin},
year = {2018},
volume = {48},
publisher = {Cambridge University Press},
month = {jan},
url = {https://doi.org/10.1017/asb.2017.46},
number = {02},
pages = {841--870},
doi = {10.1017/asb.2017.46}
}
MLA
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MLA Copy
Tamraz, Maissa, et al. “ON THE EVALUATION OF MULTIVARIATE COMPOUND DISTRIBUTIONS WITH CONTINUOUS SEVERITY DISTRIBUTIONS AND SARMANOV'S COUNTING DISTRIBUTION.” ASTIN Bulletin, vol. 48, no. 02, Jan. 2018, pp. 841-870. https://doi.org/10.1017/asb.2017.46.