Summary
We discussed a model in this paper which shows the power-law behavior in a ranking problem of income. The Monte Carlo simulation of our model shows a satisfactory fit with the data for Japanese and US CEOs. We have investigated the origin of the power-law behavior which is proven by some fractal structure formed in our model system.
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© 2006 Springer-Verlag Tokyo
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Miyazima, S., Yamamoto, K. (2006). Power-law behaviors in high income distribution. In: Takayasu, H. (eds) Practical Fruits of Econophysics. Springer, Tokyo. https://doi.org/10.1007/4-431-28915-1_63
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DOI: https://doi.org/10.1007/4-431-28915-1_63
Publisher Name: Springer, Tokyo
Print ISBN: 978-4-431-28914-2
Online ISBN: 978-4-431-28915-9
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