The Weak Pareto Law and Regular Variation in the Tails
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Date
2002
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Publisher
Universitätsbibliothek Dortmund
Abstract
We show that the weak Pareto law, as used to characterize the tail behaviour of income distributions, implies regularly varying tail probabilities, but that the reverse implication does not hold. We also establish implications among other versions of the weak Pareto law.
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Keywords
Pareto law, regular variation, tail probabilities