Influence of saving propensity on the power law tail of wealth distribution
AbstractSome 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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Bibliographic InfoPaper provided by arXiv.org in its series Papers with number physics/0506028.
Date of creation: Jun 2005
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Publication status: Published in Physica A 369 (2), 723-736, 2006
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