We show that the weak Pareto law, as used to characterize the tail behaviour of income distributions, implies regularly varying tail probabilities, but that the reverse implication does not hold. We also establish implications among other versions of the weak Pareto law
International audienceA large consensus now seems to take for granted that the distributions of empi...
1. ESTEBAN [1986] launches the Weak-Weak Pareto Law (WWPL) for a set 'S- of densities f charact...
ADInternational audienceOne often observed empirical regularity is a power-law behavior of the tails...
We show that the weak Pareto law, as used to characterize the tail behaviour of income distributions...
We analyze three sets of income data: the US Panel Study of Income Dynamics (PSID), the British Hous...
This paper analytically demonstrates that the tails of income and wealth distributions converge to a...
We consider the tail behavior of random variablesRwhich are solutions of the distributional equation...
In economic data, skewed and thick tailed frequency curves are the rule rather than the exception. A...
Although the Levy (stable-Paretian) distribution of stock returns was first observed by Mandelbrot 3...
Optimization problems depending on a probability measure correspond to many economic and financial a...
International audienceTop incomes are often related to Pareto distribution. To date, economists have...
Top incomes are often related to Pareto distribution. To date, economists have mostly used Pareto Ty...
Abstract Various multivariate Pareto distributions are known to exhibit the heavy tail behaviors. Th...
Mandelbrot (1961) proposed to apply the class of Pareto-Levy distributions - which belong to the St...
Suppose Xi, I = 1, 2, ... are i.i.d. positive random variables with d.f. F. We assume the tail d.f. ...
International audienceA large consensus now seems to take for granted that the distributions of empi...
1. ESTEBAN [1986] launches the Weak-Weak Pareto Law (WWPL) for a set 'S- of densities f charact...
ADInternational audienceOne often observed empirical regularity is a power-law behavior of the tails...
We show that the weak Pareto law, as used to characterize the tail behaviour of income distributions...
We analyze three sets of income data: the US Panel Study of Income Dynamics (PSID), the British Hous...
This paper analytically demonstrates that the tails of income and wealth distributions converge to a...
We consider the tail behavior of random variablesRwhich are solutions of the distributional equation...
In economic data, skewed and thick tailed frequency curves are the rule rather than the exception. A...
Although the Levy (stable-Paretian) distribution of stock returns was first observed by Mandelbrot 3...
Optimization problems depending on a probability measure correspond to many economic and financial a...
International audienceTop incomes are often related to Pareto distribution. To date, economists have...
Top incomes are often related to Pareto distribution. To date, economists have mostly used Pareto Ty...
Abstract Various multivariate Pareto distributions are known to exhibit the heavy tail behaviors. Th...
Mandelbrot (1961) proposed to apply the class of Pareto-Levy distributions - which belong to the St...
Suppose Xi, I = 1, 2, ... are i.i.d. positive random variables with d.f. F. We assume the tail d.f. ...
International audienceA large consensus now seems to take for granted that the distributions of empi...
1. ESTEBAN [1986] launches the Weak-Weak Pareto Law (WWPL) for a set 'S- of densities f charact...
ADInternational audienceOne often observed empirical regularity is a power-law behavior of the tails...
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