CIRJE-F-425 "Long-run Behavior of Macroeconomic Models with Heterogeneous Agents: Asymptotic Behavior of One- and Two-Parameter Poisson-Dirichlet Distributions"
Author Name Aoki, Masanao
Date May 2006
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Abstract

This paper discusses asymptotic behavior of one- and two-parameter Poisson- Dirichlet models, that is, Ewens models and its two parameter extensions by Pitman, and show that their asymptotic behavior are very different. The paper shows asymptotic properties of a class of one- and twoparameter Poisson-Dirichlet distribution models are drastically different. Convergence behavior is expressed in terms of generalized Mittag-Leffler distributions in the statistics literature. The coefficients of variations of suitably normalized number of clusters and of clusters of specific sizes do not vanish in the two-parameter version, but they do in one-parameter Ewens models.