English, Article, Journal or magazine article edition: On the Pareto Type III distribution Giulio Bottazzi

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Bookmark: http://trove.nla.gov.au/version/16952
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • On the Pareto Type III distribution
Author
  • Giulio Bottazzi
Physical Description
  • preprint
Notes
  • RePEc:ssa:lemwps:2007/​07
  • This short note analyzes the distributional properties of Pareto Type III random variables. We introduce a three parameters version of the orignal two parameters distribution proposed by Pareto and derive both the density and the characteristic function. The analytic expression of the inverse distribution function is also obtained, together with a simple series expansion of its moments of any order. Finally, we propose a simple statistical exercise designed to show the increased reliability of the Pareto Type III distribution in describing asymptotically dumped power-like behaviors.
  • Pareto Distribution, Fat Tails, Power Law Distribution, Zipf Law
  • RePEc:ssa:lemwps:2007/​08
Language
  • English
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