Title of article :
Distribution of wealth in a network model of the economy
Author/Authors :
Ma، نويسنده , , Tao and Holden، نويسنده , , John G. and Serota، نويسنده , , R.A.، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2013
Abstract :
We show, analytically and numerically, that wealth distribution in the Bouchaud–Mézard 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.
Keywords :
network model , Small world network , Mean field theory , Effective field theory , Generalized inverse gamma distribution , Fokker–Planck equation , Pareto , Power-law tail , wealth distribution
Journal title :
Physica A Statistical Mechanics and its Applications
Journal title :
Physica A Statistical Mechanics and its Applications
