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CHARACTERISATIONS OF SOME INCOME DISTRIBUTIONS BASED ON MULTIPLICATIVE DAMAGE MODELS
Author(s) -
Fosam E.B.,
Sapatinas T.
Publication year - 1995
Publication title -
australian journal of statistics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.434
H-Index - 41
eISSN - 1467-842X
pISSN - 0004-9581
DOI - 10.1111/j.1467-842x.1995.tb00874.x
Subject(s) - multiplicative function , pareto principle , context (archaeology) , mathematics , beta (programming language) , distribution (mathematics) , statistical physics , beta distribution , econometrics , mathematical economics , statistics , computer science , physics , mathematical analysis , geography , archaeology , programming language
Summary This paper characterises the Pareto and scaled beta distributions within the context of multiplicative damage and generating models. The results obtained allow the destructive or generating mechanism to have more general distributions on (0,1) than the beta(e, l) distribution considered by several authors, thus generalising some recent results. Errors in earlier work are mentioned.