Annual change of Pareto index dynamically deduced from the law of detailed quasi-balance
arXiv:physics/0511220 · doi:10.1016/j.physa.2006.03.042
Abstract
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.
arXiv comment12 pages, 12 figures
References in corpus (8)
- Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States
- Universal features in the growth dynamics of complex organizations
- Power Law Scaling for a System of Interacting Units with Complex Internal Structure
- Do Pareto-Zipf and Gibrat laws hold true? An analysis with European Firms
- Growth and Fluctuations of Personal Income
- Scaling behavior in economics: II. Modeling of company growth
- Scaling behavior in land markets
- Derivation of the distribution from extended Gibrat's law