The weak Pareto law and regular variation in the tails

Walter Krämer and Thorsten Ziebach

No 2002,47, Technical Reports from Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen

Abstract: 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.

Keywords: Pareto law; regular variation; tail probabilities (search for similar items in EconPapers)
JEL-codes: C19 D31 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:sfb475:200247

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