Statistical Mechanics of Money, Income, and Wealth: A Short Survey
In this short paper, we overview and extend the results of our papers cond-mat/0001432, cond-mat/0008305, and cond-mat/0103544, where we use an analogy with statistical physics to describe probability distributions of money, income, and wealth in society. By making a detailed quantitative comparison with the available statistical data, we show that these distributions are described by simple exponential and power-law functions.
|Date of creation:||Nov 2002|
|Date of revision:|
|Publication status:||Published in Modeling of Complex Systems: Seventh Granada Lectures, AIP Conference Proceedings 661, New York, 2003, pp. 180-183|
|Contact details of provider:|| Web page: http://arxiv.org/|
When requesting a correction, please mention this item's handle: RePEc:arx:papers:cond-mat/0211175. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (arXiv administrators)
If references are entirely missing, you can add them using this form.