Dagsvik, John K.; Jia, Zhiyang; Vatne, Bjørn H.; Zhu, … - 2011
Mandelbrot (1960) proposed using the so-called Pareto-Lévy class of distributions as a framework for representing income distributions. We argue in this paper that the Pareto-Lévy distribution is an interesting candidate for representing income distribution because its parameters are easy to...