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A generalization of the power law distribution with nonlinear exponent
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文摘

We focus on the whole range of data, whose upper tail follows a power-law behavior.

We modeled the exponent of the Power Law distribution using a non-linear function.

We found a new family of Generalized Power Law (GPL) distributions.

We studied a relevant model of that family, the GPL(α, β, σ) distribution.

GPL(α, β, σ) dist. can be useful for modeling municipal debt data in the whole range.

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