A variation of the Dragulescu-Yakovenko income model

José María Sarabia (), Faustino Prieto and Vanesa Jord\'a

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Abstract: In the context of the Dragulescu-Yakovenko (2000) model, we show that empirical income distribution with truncated datasets, cannot be properly modeled by the one-parameter exponential distribution. However, a truncated version characterized by an exponential distribution with two parameters gives an accurate fit.

Date: 2014-06
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