In this paper we study Arnold's (1987, Statist. Probab. Lett.5, 263-266) class of bivariate distributions with Pareto conditionals from a reliability point of view. Failure rates and mean residual life function of the marginal distributions and their monotonic properties are studied. The hazard...

In winner-take-all tournaments, agents' performance is determined jointly by effort and luck, and the top performer is rewarded. We study the impact of the ''shape of luck'' -- the details of the distribution of performance shocks -- on incentives in such settings. We are concerned with the...

In winner-take-all tournaments, agents' performance is determined jointly by effort and luck, and the top performer is rewarded. We study the impact of the ''shape of luck'' -- the details of the distribution of performance shocks -- on incentives in such settings. We are concerned with the...