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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...
Yard-Sale exchange on networks: Wealth sharing and wealth appropriation
Yard-Sale exchange networks Wealth sharing wealth appropriation
2012/9/14
Yard-Sale (YS) is a stochastic multiplicative wealth-exchange model with two phases: a stable one where wealth is shared, and an unstable one where wealth condenses onto one agent. YS is here studied ...
Colloquium: Statistical mechanics of money, wealth, and income
Colloquium Statistical mechanics of money wealth income
2010/11/1
This Colloquium reviews statistical models for money, wealth, and income distributions devel-
oped in the econophysics literature since the late 1990s. By analogy with the Boltzmann-Gibbs
distributi...