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Kellogg School of Management, Northwestern University, 2001 Sheridan Road, Evanston, Illinois 60208-2009
Distributions with an increasing generalized failure rate (IGFR) have useful applications in pricing and supply chain contracting problems. We provide alternative characterizations of the IGFR property that lead to simplify verifying whether the IGFR condition holds. We also relate the limit of the generalized failure rate and the moments of a distribution.
m-lariviere{at}kellogg.northwestern.edu
Subject classifications: probability distributions.
History: Received December 2003;
revision received April 2005;
accepted April 2005.
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