dorsal/arxiv
View SchemaModels of wealth distributions: a perspective
| Authors | Abhijit Kar Gupta |
|---|---|
| Categories | |
| ArXiv ID | physics/0604161 |
| URL | https://arxiv.org/abs/physics/0604161 |
Abstract
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.
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"abstract": "A class of conserved models of wealth distributions are studied where wealth\n(or money) is assumed to be exchanged between a pair of agents in a population\nlike the elastically colliding molecules of a gas exchanging energy. All sorts\nof distributions from exponential (Boltzmann-Gibbs) to something like Gamma\ndistributions and to that of Pareto\u0027s law (power law) are obtained out of such\nmodels with simple algorithmic exchange processes. Numerical inevstigations,\nanalysis through transition matrix and a mean field approach are employed to\nunderstand the generative mechanisms. A general scenario is examined wherefrom\na power law and other distributions can emerge.",
"arxiv_id": "physics/0604161",
"authors": [
"Abhijit Kar Gupta"
],
"categories": [
"physics.soc-ph",
"cond-mat.stat-mech",
"q-fin.GN"
],
"title": "Models of wealth distributions: a perspective",
"url": "https://arxiv.org/abs/physics/0604161"
},
"schema_id": "dorsal/arxiv",
"source": {
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"id": "arXiv Dataset IDs",
"type": "Model",
"variant": "snapshot-2026-03-01",
"version": "0.1.0"
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