The Gini Index for a Quadratic Pen's Parade
AbstractIn this paper, we provide alternative derivations of the Gini index for a quadratic Pen's parade without imposing unnecessary restrictions on its parameters. It turns out that in sufficiently large samples the reference value of the Gini index for a quadratic Pen's parade is 1/2 (as opposed to 1/3 in the case of a linear Pen's parade). Whether the Gini index is equal to, less than or greater than the reference value in these cases depends on whether or not Pen's parade passes through, above or below the origin, respectively.
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Bibliographic InfoPaper provided by Brock University, Department of Economics in its series Working Papers with number 1006.
Length: 20 pages
Date of creation: Nov 2010
Date of revision:
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More information through EDIRC
Gini Index; Augmented Quadratic Pen's Parade; Parsimonious Quadratic Pen's Parade; Linear Pen's Parade;
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-12-04 (All new papers)
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