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 |
Full Paper | PDF file@ |
Remarks | @ |
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.
|