In this paper we use the index we call Population Dynamic Theil's Entropy to analyze as the income inequality varies on time. The index may consider both the inequality among the classes in which we assign the individuals and the inequality within each class. This inequality measure working in a...

We propose a dividend stock valuation model where multiple dividend growth series and their dependencies are modelled using a multivariate Markov chain. Our model advances existing Markov chain stock models. First, we determine assumptions that guarantee the finiteness of the price and risk as...