Dynamical Change of Pareto Index in Japanese Land Prices *
نویسنده
چکیده
We investigate the dynamical behavior in the large scale region of non-equilibrium systems , by employing data on the assessed value of land in 1983 – 2006 Japan. In the system we find the detailed quasi-balance, which has the symmetry: x 1 ↔ a x 2 θ (x 1 and x 2 are two successive land prices). By using the detailed quasi-balance and Gibrat's law, we derive Pareto's law with varying Pareto index annually. The parameter θ corresponds with the ratio of Pareto indices (µ 1 + 1)/(µ 2 + 1), and the relation is confirmed in the empirical data nicely.
منابع مشابه
Annual Change of Pareto Index Dynamically Deduced from the Law of Detailed Quasi-balance *
Employing data on the assessed value of land in 1983 – 2005 Japan, we investigate the dynamical behavior in the high scale region of non-equilibrium systems. From the detailed quasi-balance and Gibrat's law, we derive a relation between the change of Pareto index and a symmetry in the detailed quasi-balance. The relation is confirmed in the empirical data nicely.
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