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Quasistatically varying log-normal distribution in the middle scale region of Japanese land prices

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  • Atushi Ishikawa

Abstract

Employing data on the assessed value of land in 1974--2007 Japan, we exhibit a quasistatically varying log-normal distribution in the middle scale region. In the derivation, a Non-Gibrat's law under the detailed quasi-balance is adopted together with two approximations. The resultant distribution is power-law with the varying exponent in the large scale region and the quasistatic log-normal distribution with the varying standard deviation in the middle scale region. In the distribution, not only the change of the exponent but also the change of the standard deviation depends on the parameter of the detailed quasi-balance. These results are consistently confirmed by the empirical data.

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  • Atushi Ishikawa, 2007. "Quasistatically varying log-normal distribution in the middle scale region of Japanese land prices," Papers 0710.1893, arXiv.org.
    • Handle: RePEc:arx:papers:0710.1893
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    1. Fujiwara, Yoshi & Di Guilmi, Corrado & Aoyama, Hideaki & Gallegati, Mauro & Souma, Wataru, 2004. "Do Pareto–Zipf and Gibrat laws hold true? An analysis with European firms," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 335(1), pages 197-216.
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    Cited by:

    1. Ishikawa, Atushi, 2008. "Power-Law and Log-Normal Distributions in Firm Size Displacement Data," Economics Discussion Papers 2008-45, Kiel Institute for the World Economy (IfW Kiel).
    2. Ishikawa, Atushi, 2009. "Power-Law and Log-Normal Distributions in Temporal Changes of Firm-Size Variables," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 3, pages 1-25.

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