2007/10/10 by Atushi Ishikawa, Ishikawa, Atushi
Economics, Econometrics and Finance · Physics and Astronomy · #Complex Systems and Time Series Analysis #Economic theories and models #FOS: Economics and business #FOS: Physical sciences #Physics and Society (physics.soc-ph) #Statistical Finance (q-fin.ST) #physics.soc-ph #q-fin.ST
paper · pdf · doi:10.48550/arxiv.0710.1893
16 pages, 13 figures
arxiv created 2007/10/10 · openalex publication_date 2007/10/10 · arxiv updated 2009/12/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
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.