Power-law distributions resulting from finite resources

An elementary stochastic model, termed the normalization model, is put forward which does demonstrate that power-laws generically occur in systems with finite resources. The model is capable to exhibit power-law distributions with arbitrary power law exponents; nevertheless, for a large fraction of the parameter space power law exponents near unity are obtained.

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Year of publication:	2003
Authors:	Wilhelm, Thomas ; Hänggi, Peter
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 329.2003, 3, p. 499-508
Publisher:	Elsevier
Subject:	Power-law distribution \| Zipf's law \| Stochastic multiplicative process \| Network \| Internet

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

Persistent link: https://www.econbiz.de/10011063694