Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/89388 
Autor:innen: 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
LEM Working Paper Series No. 2007/07
Verlag: 
Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM), Pisa
Zusammenfassung: 
This note analyzes the distributional properties of Pareto Type III random variables. The orignal two parameters distribution proposed by Pareto is expanded in a three parameters version and both its density and characteristic function are derived. The analytic expression of the inverse distribution function is also obtained, together with a simple series expansion of its moments of any order. Finally, we propose a simple statistical exercise designed to show the increased reliability of the Pareto Type III distribution in describing asymptotically dumped power-like behaviors.
Schlagwörter: 
Pareto Distribution
Fat Tails
Power Law Distribution
Zipf Law
JEL: 
C1
C6
C8
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
246.43 kB





Publikationen in EconStor sind urheberrechtlich geschützt.