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The power-law distribution of cumulative coal production.
- Source :
-
Physica A . Sep2019, Vol. 530, p121573-121573. 1p. - Publication Year :
- 2019
-
Abstract
- The coal industry is dominated by the largest mines, with 1% of coal mines in the U.S. being responsible for 65% of the coal cumulatively produced. We show that this "heavy tail" can be well approximated by a power law, where mine-level cumulative production is inversely proportionate to distributional rank. Maximum likelihood and regression-based procedures estimate the counter-cumulative power-law parameter to be less than one, indicating there is no well-defined mean or variance for cumulative production. Goodness of fit tests indicate the power-law is a better fit to the data than other competing distributions, including the lognormal. • Mine-level cumulative coal production is power-law distributed. • Distribution indicates there is no well-defined mean or variance. • Distribution shows how heavily concentrated coal production is in the US. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 03784371
- Volume :
- 530
- Database :
- Academic Search Index
- Journal :
- Physica A
- Publication Type :
- Academic Journal
- Accession number :
- 137851693
- Full Text :
- https://doi.org/10.1016/j.physa.2019.121573