Models for Income based on Bivariate Pareto Distributions
DOI:
https://doi.org/10.25071/1874-6322.500Abstract
It is shown that the total amount of income earned during a reference period can be expressed as the products of components of bivariate Pareto distributions. The exact distribution of the total amount of income P = XY and the corresponding moment properties are derived when (X, Y ) follows three of the most commonly known bivariate Pareto distributions. The expressions turn out to involve special functions.Downloads
Published
2006-12-15
How to Cite
Nadarajah, S., & Kotz, S. (2006). Models for Income based on Bivariate Pareto Distributions. Journal of Income Distribution®, 15(1), 78. https://doi.org/10.25071/1874-6322.500
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