Full text: The Personal Distribution of Income

Footnotes to p.4 
1) Although Champernowne r 's.. theory is more complicated, than the 
' - * " t - * „ . r T , 
■simple'model which takes its place in the above-reasoning, 
we. can easily extend the conclusionsWith Shampernowne,. the- ' 
.. - promotion, is stochastic.,, with, probabilities'of' non-promotion 
and demotion*. In. this more general case p in. the above solution 
■ l has. to be replaced by 'b_ which is the.' root of the characteristic 
equation of the ' 
- ‘ - S* - ' - i ■' ' - . : Tn n ' ' 
,'WThe Pareto, coefficient in the simple case is —■£—*- 
, the ratio 
of the. parameters of the- twcr exponential distributions In the 
more'general case, ofChampernowne the Pareto: coefficient'is- 
ii-— * b could be regarded as . the'parameter of an age dis 
tribution, if the classes; (states of the system.) are regarded 
Its.: age- classes: T *> *U ** - tU 
, : " o<r Aiir- 
2). Champernowne- .apparently did nor know Yulefs. paperr-It was 
- - ./&.Simon.’ s merit- to'have .brought it. to the. attention - of 
i economists p unfortunately he reproduced it; In a form which 
:he- interplay of the two ex— 
of two stochastic Drocesses- 
obscured Its essence* which is 
ponentxal dxstrxbutxons,_ x.e'
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.