We model high school students’ competition for college admissions as an all-pay contest with many players and prizes, and investigate how reducing the information revealed to colleges about students’ performance can improve students’ welfare in a Pareto sense. Less information reduces the assortativity of the resulting matching, which reduces welfare, but also mitigates competition and reduces ...

This paper investigates fast Pareto genetic algorithm based on fast fitness identification and external population updating scheme (FPGA) for searching Pareto-optimal set, which is based on a new approach of fast fitness identification algorithm for individual and a clustering on the basis of external population updating scheme to maintain population diversity and even distribution of Pareto so...

The Pareto distribution has long been recognized as a suitable model for many non-negative socio-economic variables. Univariate and multivariate variations abound. Some unification is possible by representing the Pareto variables in terms of independent gamma distributed components. Further unification is sometimes possible since some of the frequently used multivariate Pareto models share the ...

Precis: Lyons' (1972) data on the distribution of Irish wealth are considered and the appropriateness of the lognormal and Pareto models for this data are assessed using relatively sophisticated statistical methods. Allowance is made for the 65 per cent of individuals whose estate size is unrecorded. New estimates of total wealth and of the distribution of wealth in Ireland are obtained. Part o...

We analyze the distribution of income and income tax of individuals in Japan for the fiscal year 1998. From the rank-size plots we find that the accumulated probability distribution of both data obey a power law with a Pareto exponent very close to −2. We also present an analysis of the distribution of the debts owed by bankrupt companies from 1997 to March, 2000, which is consistent with a pow...

The Pareto distribution model assumption in the peaks over threshold method, will be tested by making using of the Kolmogorov-Smirnov goodness of fit method. Pareto distributed variables can be transformed to exponential, and the test will be for exponentiality. It was found that the statistic can be used as an indication of where to choose the threshold and to check the Pareto model assumption.

Various multivariate Pareto distributions are known to exhibit the heavy tail behaviors. This paper examines the tail dependence properties of a general class of multivariate Pareto distributions with the Pareto index and some common scale parameters. The multivariate tail dependence describes the amount of dependence in the upper-orthant tail or lower-orthant tail of a multivariate distributio...

The Pareto distribution is a commonly used model for heavy tailed data. Pareto distribution is a useful modeling and predicting tool in a wide variety of socioeconomic contexts. In the present study, we model heterogeneous population by using two component mixture model and two parameter Pareto mixture is considered for this purpose. The expressions for Bayes estimators and their posterior risk...