IDEAS home Printed from https://ideas.repec.org/p/arx/papers/physics-0504161.html
   My bibliography  Save this paper

Detailed simulation results for some wealth distribution models in Econophysics

Author

Listed:
  • K. Bhattacharya
  • G. Mukherjee
  • S. S. Manna

Abstract

In this paper we present detailed simulation results on the wealth distribution model with quenched saving propensities. Unlike other wealth distribution models where the saving propensities are either zero or constant, this model is not found to be ergodic and self-averaging. The wealth distribution statistics with a single realization of quenched disorder is observed to be significantly different in nature from that of the statistics averaged over a large number of independent quenched configurations. The peculiarities in the single realization statistics refuses to vanish irrespective of whatever large sample size is used. This implies that previously observed Pareto law is essentially a convolution of the single member distributions.

Suggested Citation

  • K. Bhattacharya & G. Mukherjee & S. S. Manna, 2005. "Detailed simulation results for some wealth distribution models in Econophysics," Papers physics/0504161, arXiv.org, revised May 2006.
    • Handle: RePEc:arx:papers:physics/0504161
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/physics/0504161
    File Function: Latest version
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:physics/0504161. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.