Statistical Mechanics of Money, Income, and Wealth: A Short Survey

Adrian A. Dragulescu and Victor Yakovenko

Papers from arXiv.org

Abstract: In this short paper, we overview and extend the results of our papers cond-mat/0001432, cond-mat/0008305, and cond-mat/0103544, where we use an analogy with statistical physics to describe probability distributions of money, income, and wealth in society. By making a detailed quantitative comparison with the available statistical data, we show that these distributions are described by simple exponential and power-law functions.

Date: 2002-11
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Citations: View citations in EconPapers (9)

Published in Modeling of Complex Systems: Seventh Granada Lectures, AIP Conference Proceedings 661, New York, 2003, pp. 180-183

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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:cond-mat/0211175

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