dorsal/arxiv
View SchemaInfluence of saving propensity on the power law tail of wealth distribution
| Authors | Marco Patriarca, Anirban Chakraborti, Guido Germano |
|---|---|
| Categories | |
| ArXiv ID | physics/0506028 |
| URL | https://arxiv.org/abs/physics/0506028 |
| DOI | 10.1016/j.physa.2006.01.091 |
| Journal | Physica A 369 (2), 723-736, 2006 |
Abstract
Some general features of kinetic multi-agent models are reviewed, with particular attention to the relation between the agent saving propensities and the form of the equilibrium wealth distribution. The effect of a finite cutoff of the saving propensity distribution on the corresponding wealth distribution is studied. Various results about kinetic multi-agent models are collected and used to construct a realistic wealth distribution with zero limit for small values of wealth, an exponential form at intermediate and a power law tail at larger values of wealth.
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"abstract": "Some general features of kinetic multi-agent models are reviewed, with\nparticular attention to the relation between the agent saving propensities and\nthe form of the equilibrium wealth distribution. The effect of a finite cutoff\nof the saving propensity distribution on the corresponding wealth distribution\nis studied. Various results about kinetic multi-agent models are collected and\nused to construct a realistic wealth distribution with zero limit for small\nvalues of wealth, an exponential form at intermediate and a power law tail at\nlarger values of wealth.",
"arxiv_id": "physics/0506028",
"authors": [
"Marco Patriarca",
"Anirban Chakraborti",
"Guido Germano"
],
"categories": [
"physics.soc-ph",
"q-fin.GN"
],
"doi": "10.1016/j.physa.2006.01.091",
"journal_ref": "Physica A 369 (2), 723-736, 2006",
"title": "Influence of saving propensity on the power law tail of wealth distribution",
"url": "https://arxiv.org/abs/physics/0506028"
},
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