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Distribution Of Wealth In A Network Model Of The Economy

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  • Tao Ma
  • John G. Holden
  • R. A. Serota
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    Abstract

    We show, analytically and numerically, that wealth distribution in the Bouchaud-M\'ezard network model of the economy is described by a three-parameter generalized inverse gamma distribution. In the mean-field limit of a network with any two agents linked, it reduces to the inverse gamma distribution.

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    File URL: http://arxiv.org/pdf/1208.2696
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    Paper provided by arXiv.org in its series Papers with number 1208.2696.

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    Date of creation: Aug 2012
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    Handle: RePEc:arx:papers:1208.2696

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    Web page: http://arxiv.org/

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