Record values of the Lomax distribution

In this paper, firstly an introduction to the idea of record values for a sequence of independent and identically (Lomax or Pareto II) distributed random variables is given. Some of the distributional properties of these record values and moments up to second order are derived. These moments clearly depend on the location, scale and shape parameter of the Lomax distribution and two types of estlmators of these parameters, based on a series of observed record values are presented.