We study continuum percolation problem of overlapping discs with a
distribution of radii having a power-law tail; the probability that a given
disc has a radius between R and R+dR is proportional to R−(a+1), where
a>2. We show that in the low-density non-percolating phase, the two-point
function shows a power law decay with distance, even at arbitrarily low
densities of the discs, unlike the exponential decay in the usual percolation
problem. As in the problem of fluids with long-range interaction, we argue that
in our problem, the critical exponents take their short range values for $a > 3
- \eta_{sr}whereastheydependonafora < 3-\eta_{sr}where\eta_{sr}$
is the anomalous dimension for the usual percolation problem. The mean-field
regime obtained in the fluid problem corresponds to the fully covered regime,
a≤2, in the percolation problem. We propose an approximate
renormalization scheme to determine the correlation length exponent ν and
the percolation threshold. We carry out Monte-Carlo simulations and determine
the exponent ν as a function of a. The determined values of ν show
that it is independent of the parameter a for a>3−ηsr and is equal
to that for the lattice percolation problem, whereas ν varies with a for
2<a<3−ηsr. We also determine the percolation threshold of the system
as a function of the parameter a.