Quasistatically varying log-normal distribution in the middle scale region of Japanese land prices

Details Quasistatically varying log-normal distribution in the middle scale region of Japanese land prices Quasistatically varying log-normal distribution in the middle scale region of Japanese land prices

2007-10-10

arxiv.org/abs/0710.1893v1

Economy

Quantitative Finance

Statistical Finance

16 pages, 13 figures

Scientific paper

Employing data on the assessed value of land in 1974--2007 Japan, we exhibit a quasistatically varying log-normal distribution in the middle scale region. In the derivation, a Non-Gibrat's law under the detailed quasi-balance is adopted together with two approximations. The resultant distribution is power-law with the varying exponent in the large scale region and the quasistatic log-normal distribution with the varying standard deviation in the middle scale region. In the distribution, not only the change of the exponent but also the change of the standard deviation depends on the parameter of the detailed quasi-balance. These results are consistently confirmed by the empirical data.

Affiliated with

Also associated with

No associations

Rating

Quasistatically varying log-normal distribution in the middle scale region of Japanese land prices does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.

If you have personal experience with Quasistatically varying log-normal distribution in the middle scale region of Japanese land prices, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Quasistatically varying log-normal distribution in the middle scale region of Japanese land prices will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFWR-SCP-O-462079