Revisiting The Ordered Family Of Lorenz Curves
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CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
- ZuXiang Wang & Russell Smyth & Yew-Kwang Ng, 2009. "A General Method to Create Lorenz Models," Monash Economics Working Papers 06-09, Monash University, Department of Economics.
- ZuXiang Wang & Russell Smyth, 2007. "Two New Exponential Families Of Lorenz Curves," Monash Economics Working Papers 20-07, Monash University, Department of Economics.
More about this item
KeywordsLorenz curve; Gini index Abstract: Sarabia et al. (1999) present a basic model to create ordered families of Lorenz curves; along with basic theorems that describe the conditions for the models to satisfy the definition of the Lorenz curve. Using these basic models; they suggest a family which includes several well-known Lorenz models as special cases. This paper first shows that their basic theorems can be generalized. The paper then proceeds to propose additional families of Lorenz models. Finally the performance of some of the models is compared and it is shown that more efficient Lorenz models are possible with the assistance of our generalized result of the Sarabia et al. (1999) basic model.;
- D3 - Microeconomics - - Distribution
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2009-08-08 (All new papers)
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