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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