Tsallis Maximum Entropy Lorenz Curves
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Abstract:
In this paper, at first we derive a family of maximum Tsallis entropy distributions under optional side conditions on the mean income and the Gini index. Furthermore, corresponding with these distributions a family of Lorenz curves compatible with the optional side conditions is generated. Meanwhile, we show that our results reduce to Shannon entropy as $beta$ tends to one. Finally, by using actual data, we compare the maximum Tsallis entropy Lorenz curve with some parametric Lorenz curves.
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Journal title
volume 11 issue 1
pages 41- 56
publication date 2014-09
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