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Moment calculations

Having the joint density, we can calculate moments such as

for some positive integers l and m.

Using the density expression with r = 2,

Changing variables to u = x1 and v = (1 - x1 - x2)∕x2,

over the region u > (1 - u)∕(1 + v) ≥ 0 and v ≥ 0.

Let w = max(0, (1 — 2u)∕u). Intherangeof u > 1/2, w = 0. Then, a lower bound on J is obtained as

where H is a constant defined by

See Watterson and Guess (1977) for approximate evaluations of these moment expressions.

10.8

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Source: Aoki M.. Modeling Aggregate Behaviour & Fluctuations in Economics. Cambridge: Cambridge University Press,2002. — 281 p.. 2002

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