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Exponential wealth distribution: a new approach from functional iteration theory
Exponential distribution statistical physics economic models
2011/3/31
Exponential distribution is ubiquitous in the framework of multi-agent systems. Usually, it appears as an equilibrium state in the asymptotic time evolution of statistical systems. It has been explain...
Exponential wealth distribution in a random market. A rigorous explanation
economic gas-like initial wealth wealth distribution
2011/3/31
In simulations of some economic gas-like models, the asymptotic regime shows an exponential wealth distribution, independently of the initial wealth distribution given to the system. The appearance of...
Exponential wealth distribution in different discrete economic models
Exponential wealth distribution economic models
2010/10/21
Exponential distribution is ubiquitous in the framework of multi-agent systems. An alternative approach with an economic motivation to derive the exponential distribution in the framework of iteratio...
We briefly review results on nonlinear kinetic equation of Boltzmann type which describe the evolution of wealth in a simple agents market. The mathematical structure of the underlying kinetic equatio...
Wealth distribution: To be or not to be a Gamma?
Econophysics Gamma distribution kinetic theory
2010/10/20
We review some aspects, especially those we can tackle analytically, of a minimal model of closed economy analogous to the kinetic theory model of ideal gases where the agents exchange wealth amongst ...
Modeling wealth distribution in growing markets
Modeling wealth distribution growing markets
2010/12/17
We introduce an auto-regressive model which captures the growing nature of realistic markets. In our model agents do not trade with other agents, they interact indirectly only through a market. Chang...
Economic Growth and Unequal Wealth Distribution: A Dynamic Approach
Economic Growth Unequal Wealth Distribution
2009/7/23
This article surveys various equity-based arguments from Marx to Rawls, in
favour of income redistribution by means of public policy. Political explanations, the role
of luck versus merit and the pr...
Livelihoods and rural wealth distribution among farm households in western Kenya：LImplications for rural development, poverty alleviation interventions and peace
Livelihoods wealth distribution gini coefficient Lorenz curve rural inequality Kenya
2009/3/4
The study examined livelihoods and wealth distribution among farm households in western Kenya. Stratified random sampling was used to select 252 households from eight districts. Focus group discussi...
Effects of introduction of new resources and fragmentation of existing resources on limiting wealth distribution in asset exchange models
new resources existing resources asset exchange models
2010/10/29
Pareto law, which states that wealth distribution in societies have a power-law tail, has been a subject of intensive investigations in statistical physics community. Several models have been employed...