Title: On uniform tail expansions of bivariate copulas
Abstract:The theory of copulas provides a useful tool for modelling dependence in risk management. The goal of this paper is to describe the tail behaviour of bivariate copulas and its role in modelling extrem...The theory of copulas provides a useful tool for modelling dependence in risk management. The goal of this paper is to describe the tail behaviour of bivariate copulas and its role in modelling extreme events. We say that a bivariate copula has a uniformRead More