dorsal/arxiv
View SchemaA mechanism to derive multi-power law functions: an application in the econophysics framework
| Authors | A. M. Scarfone |
|---|---|
| Categories | |
| ArXiv ID | physics/0612231 |
| URL | https://arxiv.org/abs/physics/0612231 |
| DOI | 10.1016/j.physa.2007.02.075 |
Abstract
It is generally recognized that economical systems, and more in general complex systems, are characterized by power law distributions. Sometime, these distributions show a changing of the slope in the tail so that, more appropriately, they show a multi-power law behavior. We present a method to derive analytically a two-power law distribution starting from a single power law function recently obtained, in the frameworks of the generalized statistical mechanics based on the Sharma-Taneja-Mittal information measure. In order to test the method, we fit the cumulative distribution of personal income and gross domestic production of several countries, obtaining a good agreement for a wide range of data.
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"abstract": "It is generally recognized that economical systems, and more in general\ncomplex systems, are characterized by power law distributions. Sometime, these\ndistributions show a changing of the slope in the tail so that, more\nappropriately, they show a multi-power law behavior. We present a method to\nderive analytically a two-power law distribution starting from a single power\nlaw function recently obtained, in the frameworks of the generalized\nstatistical mechanics based on the Sharma-Taneja-Mittal information measure. In\norder to test the method, we fit the cumulative distribution of personal income\nand gross domestic production of several countries, obtaining a good agreement\nfor a wide range of data.",
"arxiv_id": "physics/0612231",
"authors": [
"A. M. Scarfone"
],
"categories": [
"physics.data-an",
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],
"doi": "10.1016/j.physa.2007.02.075",
"title": "A mechanism to derive multi-power law functions: an application in the econophysics framework",
"url": "https://arxiv.org/abs/physics/0612231"
},
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