The Gini Index for a Quadratic Pen's Parade
No 1006, Working Papers from Brock University, Department of Economics
In this paper, we provide alternative derivations of the Gini index for a quadratic Pen's parade without imposing unnecessary restrictions on its parameters. It turns out that in sufficiently large samples the reference value of the Gini index for a quadratic Pen's parade is 1/2 (as opposed to 1/3 in the case of a linear Pen's parade). Whether the Gini index is equal to, less than or greater than the reference value in these cases depends on whether or not Pen's parade passes through, above or below the origin, respectively.
Keywords: Gini Index; Augmented Quadratic Pen's Parade; Parsimonious Quadratic Pen's Parade; Linear Pen's Parade (search for similar items in EconPapers)
JEL-codes: C81 D31 D63 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:brk:wpaper:1006
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