Models of wealth distributions: a perspective
| dc.creator | Gupta, Abhijit Kar | |
| dc.date | 2006-04-20 | |
| dc.date | 2006-05-03 | |
| dc.date.accessioned | 2026-07-07T12:07:44Z | |
| dc.date.available | 2026-07-07T12:07:44Z | |
| dc.description | A class of conserved models of wealth distributions are studied where wealth (or money) is assumed to be exchanged between a pair of agents in a population like the elastically colliding molecules of a gas exchanging energy. All sorts of distributions from exponential (Boltzmann-Gibbs) to something like Gamma distributions and to that of Pareto's law (power law) are obtained out of such models with simple algorithmic exchange processes. Numerical inevstigations, analysis through transition matrix and a mean field approach are employed to understand the generative mechanisms. A general scenario is examined wherefrom a power law and other distributions can emerge. | |
| dc.description | (Replaced with some minor corrections; typos and etc.) Review article; 14 pages, 13 eps figures; Revtex4 (an updated version of this article will be published in a forthcoming book "Econophysics and Sociophysics: Trends and Perspectives", Eds. B.K. Chakrabarti, A. Chakraborti and A. Chatterjee, Wiley-VCH, Berlin) | |
| dc.identifier | https://arxiv.org/abs/physics/0604161 | |
| dc.identifier | http://arxiv.org/abs/physics/0604161 | |
| dc.identifier.uri | http://salesiana.dossiersoluciones.com/handle/123456789/209075 | |
| dc.subject | Physics and Society | |
| dc.subject | Statistical Mechanics | |
| dc.subject | General Finance | |
| dc.title | Models of wealth distributions: a perspective | |
| dc.type | text |