Title of article
Inequalities of wealth distribution in a conservative economy
Author/Authors
S. Pianegonda، نويسنده , , J. R. Iglesias، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
7
From page
193
To page
199
Abstract
We analyze a conservative market model for the competition among economic agents in a society with conserved total wealth. A minimum dynamics ensures that the poorest agent has a chance to improve its economic welfare. After a transient, the system self-organizes into a critical state where the wealth distribution have a minimum threshold, with almost no agent below this poverty line. Also, very few extremely rich agents are stable in time. Above the poverty line the distribution follows an exponential behavior. The local solution exhibits a low Gini index, while the mean field solution of the model generates a wealth distribution similar to welfare states like Sweden.
Journal title
Physica A Statistical Mechanics and its Applications
Serial Year
2004
Journal title
Physica A Statistical Mechanics and its Applications
Record number
869575
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