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The Personal Distribution of Income

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Document type:
Works
Collection:
Josef Steindl Collection
Title:
The Personal Distribution of Income
Author:
Steindl, Josef
Scope:
Kopie eines Typoskripts mit handschriftlichen Anmerkungen, insgesamt 27 Seiten mit originalen handschriftlichen Anmerkungen auf Seite 23 (nummeriert als Seite 18)
Year of publication:
1972
Source material date:
August-September 1972
Language:
English
Topic:
Stochastic processes and size distribution
Shelfmark:
S/M.52.9
Rights of use:
All rights reserved
Access:
Free access All rights reserved
DOI:
https://doi.org/10.48671/nls.js.AC14446373

Full text

K. 
to the tail of the recurrence time distribution,i.e. to p . 
More directly, the rector of steady state probabilities 
can be derived from the following two conditions: 
U K = P U *L. 1 
u o = Nq \ + ^ U 1 + <l u 2 + * * * 
t \ v i x 
•Ihe first condition ensures the invariance of the steady 
state; the seco.nd ensures that entries to and emits from 
the income population balance. 
It follows that 
u* = pKu o ^ 
u Q = 1- p p<1 
The result.is, of course, identical with the distribution 
of the spent waiting time,derived above.
	        

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Steindl, J. (1972). The Personal Distribution of Income. https://doi.org/10.48671/nls.js.AC14446373
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