On a generalized Lomax distribution

We study a three-parameter generalized Lomax distribution. Several structural and statistical properties such as quantiles, moments, order statistic and stochastic ordering have been investigated. Different estimators of unknown quantities of interest are derived from maximum likelihood and Bayesian approaches. We have computed Bayes estimators from the Tierney and Kadane method. Interval estimates are also discussed. Performance of all methods is compared using a simulation study. Illustrative discussion of a real data is presented as well. Finally, some concluding remarks are given.