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Distribution Of Wealth In A Network Model Of The Economy
Distribution Of Wealth A Network Model The Economy
2012/9/14
We show, analytically and numerically, that wealth distribution in the Bouchaud-Mezard network model of the economy is described by a three-parameter generalized inverse gamma distribution. In the mea...
Proportionate vs disproportionate distribution of wealth of two individuals in a tempered Paretian ensemble
Pareto law Paretian ensemble Truncated wealth distribution Fluctuations
2011/7/4
We study the distribution P(!) of the random variable ! = x1/(x1 + x2),
where x1 and x2 are the wealths of two individuals selected at random
from the same tempered Paretian ensemble characterized b...
Economic interactions and the distribution of wealth
wealth distribution incomplete markets earnings distribution capital income taxation productivity shocks portfolio diversification
2010/11/1
This paper analyzes the equilibriumdistribution ofwealth in an economywhere firms’productivities are subject to idiosyncratic shocks, returns on factors are determined
in competitivemarkets, dynastie...
We discuss the equivalence between kinetic wealth-exchange models, in which agents exchange wealth during trades, and mechanical models of particles, exchanging energy during collisions. The universal...