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A distribution function analysis of wealth distribution

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  • Arnab Das
  • Sudhakar Yarlagadda

Abstract

We develop a general framework to analyze the distribution functions of wealth and income. Within this framework we study wealth distribution in a society by using a model which turns on two-party trading for poor people while for rich people 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 distribution similar to that reported earlier.

Suggested Citation

  • Arnab Das & Sudhakar Yarlagadda, 2003. "A distribution function analysis of wealth distribution," Papers cond-mat/0310343, arXiv.org.
    • Handle: RePEc:arx:papers:cond-mat/0310343
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    Cited by:

    1. M. Patriarca & E. Heinsalu & A. Chakraborti, 2010. "Basic kinetic wealth-exchange models: common features and open problems," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 73(1), pages 145-153, January.
    2. Jess Benhabib & Alberto Bisin, 2006. "The distribution of wealth and redistributive policies," 2006 Meeting Papers 368, Society for Economic Dynamics.
    3. Anirban Chakraborti & Ioane Muni Toke & Marco Patriarca & Frédéric Abergel, 2011. "Econophysics review: II. Agent-based models," Post-Print hal-00621059, HAL.
    4. M. Patriarca & A. Chakraborti & E. Heinsalu & G. Germano, 2007. "Relaxation in statistical many-agent economy models," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 57(2), pages 219-224, May.

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