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Statistical Size Distributions in Economics and Actuarial Sciences, Kleiber, Christian; Kotz, Samuel
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Author Name:    Kleiber, Christian; Kotz, Samuel

Title:   Statistical Size Distributions in Economics and Actuarial Sciences

Binding:   Hardcover

Book Condition:   New

Publisher:    Wiley-Interscience 

ISBN Number:   0471150649 / 9780471150640

Seller ID:   ING9780471150640

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A comprehensive account of economic size distributions around the world and throughout the years

In the course of the past 100 years, economists and applied statisticians have developed a remarkably diverse variety of income distribution models, yet no single resource convincingly accounts for all of these models, analyzing their strengths and weaknesses, similarities and differences. Statistical Size Distributions in Economics and Actuarial Sciences is the first collection to systematically investigate a wide variety of parametric models that deal with income, wealth, and related notions.

Christian Kleiber and Samuel Kotz survey, compliment, compare, and unify all of the disparate models of income distribution, highlighting at times a lack of coordination between them that can result in unnecessary duplication. Considering models from eight languages and all continents, the authors discuss the social and economic implications of each as well as distributions of size of loss in actuarial applications. Specific models covered include: Pareto distributionsLognormal distributionsGamma-type size distributionsBeta-type size distributionsMiscellaneous size distributions

Three appendices provide brief biographies of some of the leading players along with the basic properties of each of the distributions. Actuaries, economists, market researchers, social scientists, and physicists interested in econophysics will find Statistical Size Distributions in Economics and Actuarial Sciences to be a truly one-of-a-kind addition to the professional literature.

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