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An analytic treatment of the Gibbs-Pareto behavior in wealth distribution

  • Arnab Das
  • Sudhakar Yarlagadda
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    We develop a general framework, based on Boltzmann transport theory, to analyze the distribution of wealth in societies. Within this framework we derive the distribution function of wealth by using a two-party trading model for the poor people while for the rich people a new model is proposed where interaction with wealthy entities (huge reservoir) is relevant. At equilibrium, the interaction with wealthy entities gives a power-law (Pareto-like) behavior in the wealth distribution while the two-party interaction gives a Boltzmann-Gibbs distribution.

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    File URL: http://arxiv.org/pdf/cond-mat/0409329
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    Paper provided by arXiv.org in its series Papers with number cond-mat/0409329.

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    Date of creation: Sep 2004
    Date of revision: Mar 2005
    Handle: RePEc:arx:papers:cond-mat/0409329
    Contact details of provider: Web page: http://arxiv.org/

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