When is a proportional hazards model valid for both stock and flow sampledduration data?

Authors
Citation
Gcr. Kemp, When is a proportional hazards model valid for both stock and flow sampledduration data?, ECON LETT, 69(1), 2000, pp. 33-37
Citations number
9
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
69
Issue
1
Year of publication
2000
Pages
33 - 37
Database
ISI
SICI code
0165-1765(200010)69:1<33:WIAPHM>2.0.ZU;2-I
Abstract
It is shown that if the flow-sampled total durations and stock-sampled elap sed durations from stationary renewal processes both exhibit proportional h azard rates and are continuous then they belong to the family of survival d istributions with linear mean residual functions introduced by Hall and Wel lner (1984) [Hall, W.J., Wellner, J.A., 1984. Mean residual life. In: Csorg o, M., Dawson, D.A., Rao, J.N.K., Saleh, A.K.M.E., (Eds.), Proceedings of t he International Symposium on Statistics and Related Topics. North Holland, Amsterdam, pp. 169-184]. (C) 2000 Elsevier Science S.A. All rights reserve d.