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We argue that a stochastic model of economic exchange, whose steady-statedistribution is a Generalized Beta Prime (also known as GB2), and some uniqueproperties of the latter, are the reason for GB2's success in describingwealth/income distributions. We use housing sale prices as a proxy towealth/income distribution to numerically illustrate this point. We alsoexplore parametric limits of the distribution to do so analytically. We discussparametric properties of the inequality indices -- Gini, Hoover, Theil T andTheil L -- vis-a-vis those of GB2 and introduce a new inequality index, whichserves a similar purpose. We argue that Hoover and Theil L are more appropriatemeasures for distributions with power-law dependencies, especially fat tails,such as GB2.

Generalized Beta Prime Distribution: Stochastic Model of Economic Exchange and Properties of Inequality Indices