A Note on Upper Tail Behavior of Liouville Copulas
The family Outdoors Tools of Liouville copulas is defined as the survival copulas of multivariate Liouville distributions, and it covers the Archimedean copulas constructed by Williamson’s d-transform.Liouville copulas provide a very wide range of dependence ranging from positive to negative dependence in the upper tails, and they can be useful i