Power-law distributions resulting from finite resources

Thomas Wilhelm and Peter Hänggi

Physica A: Statistical Mechanics and its Applications, 2003, vol. 329, issue 3, 499-508

Abstract: An elementary stochastic model, termed the normalization model, is put forward which does demonstrate that power-laws generically occur in systems with finite resources. The model is capable to exhibit power-law distributions with arbitrary power law exponents; nevertheless, for a large fraction of the parameter space power law exponents near unity are obtained.

Keywords: Power-law distribution; Zipf's law; Stochastic multiplicative process; Network; Internet (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:329:y:2003:i:3:p:499-508

DOI: 10.1016/S0378-4371(03)00609-5

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