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A variation of the Dragulescu-Yakovenko income model

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  • Jos'e Mar'ia Sarabia
  • Faustino Prieto
  • Vanesa Jord'a

Abstract

In the context of the Dragulescu-Yakovenko (2000) model, we show that empirical income distribution with truncated datasets, cannot be properly modeled by the one-parameter exponential distribution. However, a truncated version characterized by an exponential distribution with two parameters gives an accurate fit.

Suggested Citation

  • Jos'e Mar'ia Sarabia & Faustino Prieto & Vanesa Jord'a, 2014. "A variation of the Dragulescu-Yakovenko income model," Papers 1406.5083, arXiv.org.
    • Handle: RePEc:arx:papers:1406.5083
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    File URL: http://arxiv.org/pdf/1406.5083
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    References listed on IDEAS

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    1. Adrian Dragulescu & Victor M. Yakovenko, 2000. "Statistical mechanics of money," Papers cond-mat/0001432, arXiv.org, revised Aug 2000.
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    1. Sarabia, José María & Jordá, Vanesa, 2014. "Explicit expressions of the Pietra index for the generalized function for the size distribution of income," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 416(C), pages 582-595.

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