Annual change of Pareto index dynamically deduced from the law of detailed quasi-balance

Atushi Ishikawa

Physica A: Statistical Mechanics and its Applications, 2006, vol. 371, issue 2, 525-535

Abstract: Employing data on the assessed value of land in 1983–2005 Japan, we investigate the dynamical behavior in the high scale region of non-equilibrium systems. From the detailed quasi-balance and Gibrat's law, we derive a relation between the change of Pareto index and a symmetry in the detailed quasi-balance. The relation is confirmed in the empirical data nicely.

Keywords: Econophysics; Pareto law; Gibrat law; Detailed quasi-balance (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:371:y:2006:i:2:p:525-535

DOI: 10.1016/j.physa.2006.03.042

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