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A variation of the Dragulescu-Yakovenko income model

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.
Year of publication:
2014-06
Authors: Jos\'e Mar\'ia Sarabia ; Prieto, Faustino ; Vanesa Jord\'a
Institutions: arXiv.org
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application/pdf
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Type of publication: Book / Working Paper
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Persistent link: https://www.econbiz.de/10010784795
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