Asymptotic properties of sums of upper records (Q1775996)

Let \(X_0\), \(X_1\),\dots be a sequence of upper records with the continuous underlying distribution \(F\) (i.e. \(\forall y>x\), \(\Pr\{X_n<y\mid X_{n-1}=x\}= (F(y)-F(x))/(1-F(x))\)). The authors investigate the asymptotic distribution of \(T_n=\sum_{i=0}^n X_i\) as \(n\to\infty\). It is shown that in the bounded case, when the support of \(F\) is \((-\infty,1]\) any infinitely divisible distribution on \([0,\infty)\) such that its Lévy measure has a density \(l\) with \(\int_0^\infty l(y)\,dl=\infty\) can be a limit distribution of \((n+1)-T_n\) for appropriate \(F\). In the unbounded case under some additional conditions the normalized \(T_n\) converges to normal distribution.