This paper studies properties and applications related to the mixture of the class of distributions built by the Lehmann's alternative (also referred to in the statistical literature as max-stable or exponentiated distribution) of the form [𝐺(·)]𝜆, where 𝜆0 and 𝐺(·) is a continuous...

This paper aims to evaluate Pension Benefit Guaranty Corporation (PBGC) insurance values through regime-switching models. We separate periods of the economy with faster growth from those with slower growth to observe long-term trends in the economy. We derive a fair PBGC insurance pricing...