The Pareto, Zipf and other power laws

Authors
Reed, WJ
Citation
Wj. Reed, The Pareto, Zipf and other power laws, ECON LETT, 74(1), 2001, pp. 15-19
Citations number
9
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
74
Issue
1
Year of publication
2001
Pages
15 - 19
Database
ISI
SICI code
0165-1765(200112)74:1<15:TPZAOP>2.0.ZU;2-J
Abstract
Many empirical size distributions in economics and elsewhere exhibit power- law behaviour in the upper tail. This article contains a simple explanation for this. It also predicts lower-tail power-law behaviour, which is verifi ed empirically for income and city-size data. (C) 2001 Elsevier Science B.V . All rights reserved.