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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

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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  • Tao Ma & John G. Holden & R. A. Serota, 2012. "Distribution Of Wealth In A Network Model Of The Economy," Papers 1208.2696, arXiv.org.
    • Handle: RePEc:arx:papers:1208.2696
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    File URL: http://arxiv.org/pdf/1208.2696
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    Cited by:

    1. Slobodan Aćimović & Veljko M. Mijušković & Dušan Marković, 2018. "Segregating The Main Dimensions Of The Green Supply Chain (Segregiranje Glavnih Dimenzija Zelenog Lanca Snabdevanja)," Ekonomske ideje i praksa, Faculty of Economics and Business, University of Belgrade, issue 29, pages 7-16, June.

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