Annual change of Pareto index dynamically deduced from the law of detailed quasi-balance

Employing data on the assessed value of land in 1983–2005 Japan, we investigate the dynamical behavior in the high scale region of non-equilibrium systems. From the detailed quasi-balance and Gibrat's law, we derive a relation between the change of Pareto index and a symmetry in the detailed quasi-balance. The relation is confirmed in the empirical data nicely.

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Year of publication:	2006
Authors:	Ishikawa, Atushi
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 371.2006, 2, p. 525-535
Publisher:	Elsevier
Subject:	Econophysics \| Pareto law \| Gibrat law \| Detailed quasi-balance

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010872350