The power-law distribution of cumulative coal production

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 distributio...

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Veröffentlicht in:Physica A 2019-09, Vol.530, p.121573, Article 121573
Hauptverfasser: Balthrop, Andrew, Quan, Siyu
Format: Artikel
Sprache:eng
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Zusammenfassung: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.
ISSN:0378-4371
1873-2119
DOI:10.1016/j.physa.2019.121573