We use house prices (HP) and house price indices (HPI) as a proxy to income distribution. Specifically, we analyze distribution of sale prices in the 1970-2010 window of over 116,000 single family homes in Hamilton County, Ohio, including Cincinnati metro area of about 2.2 million people. We...

We use house prices (HP) and house price indices (HPI) as a proxy to income distribution. Specifically, we analyze distribution of sale prices in the 1970-2010 window of over 116,000 single family homes in Hamilton County, Ohio, including Cincinnati metro area of about 2.2 million people. We...

Generalized linear models might not be appropriate when the probability of extreme events is higher than that implied by the normal distribution. Extending the method for estimating the parameters of a double Pareto lognormal distribution (DPLN) in Reed and Jorgensen (2004), we develop an EM...

Generalized linear models might not be appropriate when the probability of extreme events is higher than that implied by the normal distribution. Extending the method for estimating the parameters of a double Pareto lognormal distribution (DPLN) in Reed and Jorgensen (2004), we develop an EM...

Although an extensive literature has developed on modeling the loss reserve runoff triangle, the estimation of severity distributions applicable to claims settled in specific cells of the runoff triangle has received little attention in the literature. This paper proposes the use of a very...

The importance of the Pietra index in socioeconomic systems and econophysics has been highlighted by Eliazar and Sokolov (2010). In this paper, we obtain closed expressions for the Pietra index for the generalized function for the size of income proposed by McDonald (1984). This family is...