Zipf Law in Firms Bankruptcy

Using an exhaustive list of Japanese bankruptcy in 1997, we discover a Zipf law for the distribution of total liabilities of bankrupted firms in high debt range. The life-time of these bankrupted firms has exponential distribution in correlation with entry rate of new firms. We also show that the debt and size are highly correlated, so the Zipf law holds consistently with that for size distribution. In attempt to understand ``physics'' of bankruptcy, we show that a model of debtor-creditor dynamics of firms and a bank, recently proposed by economists, can reproduce these phenomenological findings

Tail universalities in rank distributions as an algebraic problem: the beta-like function

Although power laws of the Zipf type have been used by many workers to fit rank distributions in different fields like in economy, geophysics, genetics, soft-matter, networks etc., these fits usually fail at the tails. Some distributions have been proposed to solve the problem, but unfortunately they do not fit at the same time both ending tails. We show that many different data in rank laws, like in granular materials, codons, author impact in scientific journal, etc. are very well fitted by a beta-like function. Then we propose that such universality is due to the fact that a system made from many subsystems or choices, imply stretched exponential frequency-rank functions which qualitatively and quantitatively can be fitted with the proposed beta-like function distribution in the limit of many random variables. We prove this by transforming the problem into an algebraic one: finding the rank of successive products of a given set of numbers

Directed Accelerated Growth: Application in Citation Network

In many real world networks, the number of links increases nonlinearly with the number of nodes. Models of such accelerated growth have been considered earlier with deterministic and stochastic number of links. Here we consider stochastic accelerated growth in a network where links are directed. With the number of out-going links following a power law distribution, the results are similar to the undirected case. As the accelerated growth is enhanced, the degree distribution becomes independent of the ``initial attractiveness'', a parameter which plays a key role in directed networks. As an example of a directed model with accelerated growth, the citation network is considered, in which the distribution of the number of outgoing link has an exponential tail. The role of accelerated growth is examined here with two different growth laws.Comment: To be published in the proceedings of Statphys Kolkata V (Physica A

Scale-free download network for publications

The scale-free power-law behavior of the statistics of the download frequency of publications has been, for the first time, reported. The data of the download frequency of publications are taken from a well-constructed web page in the field of economic physics (http://www.unifr.ch/econophysics/). The Zipf-law analysis and the Tsallis entropy method were used to fit the download frequency. It was found that the power-law exponent of rank-ordered frequency distribution is $\gamma \sim 0.38 \pm 0.04$ which is consistent with the power-law exponent $\alpha \sim 3.37 \pm 0.45$ for the cumulated frequency distributions. Preferential attachment model of Barabasi and Albert network has been used to explain the download network.Comment: 3 pages, 2 figure

Citation Networks in High Energy Physics

The citation network constituted by the SPIRES data base is investigated empirically. The probability that a given paper in the SPIRES data base has $k$ citations is well described by simple power laws, $P(k) \propto k^{-\alpha}$, with $\alpha \approx 1.2$ for $k$ less than 50 citations and $\alpha \approx 2.3$ for 50 or more citations. Two models are presented that both represent the data well, one which generates power laws and one which generates a stretched exponential. It is not possible to discriminate between these models on the present empirical basis. A consideration of citation distribution by subfield shows that the citation patterns of high energy physics form a remarkably homogeneous network. Further, we utilize the knowledge of the citation distributions to demonstrate the extreme improbability that the citation records of selected individuals and institutions have been obtained by a random draw on the resulting distribution.Comment: 9 pages, 6 figures, 2 table

Multifractality of Inverse Statistics of Exit Distances in 3D Fully Developed Turbulence

The inverse structure functions of exit distances have been introduced as a novel diagnostic of turbulence which emphasizes the more laminar regions [1-4]. Using Taylor's frozen field hypothesis, we investigate the statistical properties of the exit distances of empirical 3D fully developed turbulence. We find that the probability density functions of exit distances at different velocity thresholds can be approximated by stretched exponentials with exponents varying with the velocity thresholds below a critical threshold. We show that the inverse structure functions exhibit clear extended self-similarity (ESS). The ESS exponents \xi(p,2) for small p (p<3.5) are well captured by the prediction of \xi(p,2)= p/2 obtained by assuming a universal distribution of the exit distances, while the observed deviations for large p's characterize the dependence of these distributions on the velocity thresholds. By applying a box-counting multifractal analysis of the natural measure constructed on the time series of exit distances, we demonstrate the existence of a genuine multifractality, endowed in addition with negative dimensions. Performing the same analysis of reshuffled time series with otherwise identical statistical properties for which multifractality is absent, we show that multifractality can be traced back to non-trivial dependence in the time series of exit times, suggesting a non-trivial organization of weakly-turbulent regions.Comment: 16 RevTex pages including 7 eps figure

Beyond the Power Law: Uncovering Stylized Facts in Interbank Networks

We use daily data on bilateral interbank exposures and monthly bank balance sheets to study network characteristics of the Russian interbank market over Aug 1998 - Oct 2004. Specifically, we examine the distributions of (un)directed (un)weighted degree, nodal attributes (bank assets, capital and capital-to-assets ratio) and edge weights (loan size and counterparty exposure). We search for the theoretical distribution that fits the data best and report the "best" fit parameters. We observe that all studied distributions are heavy tailed. The fat tail typically contains 20% of the data and can be mostly described well by a truncated power law. Also the power law, stretched exponential and log-normal provide reasonably good fits to the tails of the data. In most cases, however, separating the bulk and tail parts of the data is hard, so we proceed to study the full range of the events. We find that the stretched exponential and the log-normal distributions fit the full range of the data best. These conclusions are robust to 1) whether we aggregate the data over a week, month, quarter or year; 2) whether we look at the "growth" versus "maturity" phases of interbank market development; and 3) with minor exceptions, whether we look at the "normal" versus "crisis" operation periods. In line with prior research, we find that the network topology changes greatly as the interbank market moves from a "normal" to a "crisis" operation period.Comment: 17 pages, 9 figure

q-exponential, Weibull, and q-Weibull distributions: an empirical analysis

In a comparative study, the q-exponential and Weibull distributions are employed to investigate frequency distributions of basketball baskets, cyclone victims, brand-name drugs by retail sales, and highway length. In order to analyze the intermediate cases, a distribution, the q-Weibull one, which interpolates the q-exponential and Weibull ones, is introduced. It is verified that the basketball baskets distribution is well described by a q-exponential, whereas the cyclone victims and brand-name drugs by retail sales ones are better adjusted by a Weibull distribution. On the other hand, for highway length the q-exponential and Weibull distributions do not give satisfactory adjustment, being necessary to employ the q-Weibull distribution. Furthermore, the introduction of this interpolating distribution gives an illumination from the point of view of the stretched exponential against inverse power law (q-exponential with q > 1) controversy.Comment: 6 pages, Latex. To appear in Physica

Complex Network Properties of Chinese Natural Science Basic Research

In this paper, we studied the research areas of Chinese natural science basic research from a point view of complex network. Two research areas are considered to be connected if they appear in one fund proposal. The explicit network of such connections using data from 1999 to 2004 is constructed. The analysis of the real data shows that the degree distribution of the {\bf research areas network} (RAN) may be better fitted by the exponential distribution. It displays small world effect in which randomly chosen pairs of research areas are typically separated by only a short path of intermediate research areas. The average distance of RAN decreases with time, while the average clustering coefficient increases with time, which indicates that the scientific study would like to be integrated together in terms of the studied areas. The relationship between the clustering coefficient $C(k)$ and the degree $k$ indicates that there is no hierarchical organization in RAN.Comment: 12 pages, 8 figures, accepted by Physica

Internal avalanches in a pile of superconducting vortices

Using an array of miniature Hall probes, we monitored the spatiotemporal variation of the internal magnetic induction in a superconducting niobium sample during a slow sweep of external magnetic field. We found that a sizable fraction of the increase in the local vortex population occurs in abrupt jumps. The size distribution of these avalanches presents a power-law collapse on a limited range. In contrast, at low temperatures and low fields, huge avalanches with a typical size occur and the system does not display a well-defined macroscopic critical current.Comment: 5 pages including 5 figure