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We present a model for the distribution of family names that explains the power-law decay of the probability distribution for the number of people with a given family name. The model includes a description of the process of generation or importation of new names, and a description of the growth...
Persistent link: https://www.econbiz.de/10010873275
A stochastic model for the generation of observed income distributions is used to provide an explanation for the Pareto law of incomes. Analysis of the model also yields a prediction of Paretian (power law) behaviour in the lower tail of the distribution and this is shown to occur in a number of...
Persistent link: https://www.econbiz.de/10011060077