dorsal/arxiv
View SchemaDynamical change of Pareto index in Japanese land prices
| Authors | Atushi Ishikawa |
|---|---|
| Categories | |
| ArXiv ID | physics/0607131 |
| URL | https://arxiv.org/abs/physics/0607131 |
Abstract
We investigate the dynamical behavior in the large scale region of non-equilibrium systems, by employing data on the assessed value of land in 1983 -- 2006 Japan. In the system we find the detailed quasi-balance, which has the symmetry: x_1 -> a {x_2}^{\theta} (x_1 and x_2 are two successive land prices). By using the detailed quasi-balance and Gibrat's law, we derive Pareto's law with varying Pareto index annually. The parameter \theta corresponds with the ratio of Pareto indices (\mu_1 + 1)/(\mu_2 + 1), and the relation is confirmed in the empirical data nicely.
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"abstract": "We investigate the dynamical behavior in the large scale region of\nnon-equilibrium systems, by employing data on the assessed value of land in\n1983 -- 2006 Japan. In the system we find the detailed quasi-balance, which has\nthe symmetry: x_1 -\u003e a {x_2}^{\\theta} (x_1 and x_2 are two successive land\nprices). By using the detailed quasi-balance and Gibrat\u0027s law, we derive\nPareto\u0027s law with varying Pareto index annually. The parameter \\theta\ncorresponds with the ratio of Pareto indices (\\mu_1 + 1)/(\\mu_2 + 1), and the\nrelation is confirmed in the empirical data nicely.",
"arxiv_id": "physics/0607131",
"authors": [
"Atushi Ishikawa"
],
"categories": [
"physics.soc-ph",
"q-fin.GN"
],
"title": "Dynamical change of Pareto index in Japanese land prices",
"url": "https://arxiv.org/abs/physics/0607131"
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