Pareto's law: a model of human sharing and creativity

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dc.creatorScafetta, Nicola
dc.creatorPicozzi, Sergio
dc.creatorWest, Bruce J.
dc.date2002-09-16
dc.date.accessioned2026-07-07T12:06:43Z
dc.date.available2026-07-07T12:06:43Z
dc.descriptionA computational model for the distribution of wealth among the members of an ideal society is presented. It is determined that a realistic distribution of wealth depends upon two mechanisms: an asymmetric flux of wealth in trading transactions that advantages the poorer of the two traders and a non-stationary creation and destruction of individual wealth. The former mechanism redistributes wealth by reducing the gap between the rich and poor, leading to the emergence of a middle class. The latter mechanism, together with the former one, generates a distribution of wealth having a power-law tail that is compatible with Pareto's law.
dc.description4 pages, 4 figures
dc.identifierhttps://arxiv.org/abs/cond-mat/0209373
dc.identifierhttp://arxiv.org/abs/cond-mat/0209373
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/208738
dc.subjectStatistical Mechanics
dc.subjectGeneral Finance
dc.titlePareto's law: a model of human sharing and creativity
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