REVISITING THE ORDERED FAMILY OF LORENZ CURVES

Year of publication:	2007
Authors:	Wang, ZuXiang ; Ng, Yew-Kwang ; Smyth, Russell
Institutions:	Department of Econometrics and Business Statistics, Monash Business School
Subject:	Lorenz curve \| Gini index Abstract: Sarabia et al. (1999) present a basic model to create ordered families of Lorenz curves \| along with basic theorems that describe the conditions for the models to satisfy the definition of the Lorenz curve. Using these basic models \| they suggest a family which includes several well-known Lorenz models as special cases. This paper first shows that their basic theorems can be generalized. The paper then proceeds to propose additional families of Lorenz models. Finally the performance of some of the models is compared and it is shown that more efficient Lorenz models are possible with the assistance of our generalized result of the Sarabia et al. (1999) basic model

Extent:	application/pdf
Series:	Monash Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 19-07 28 pages longages
Classification:	D3 - Distribution ; C5 - Econometric Modeling
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005064134