The statistical distribution of money and the rate of money transference

Juan C Ferrero

Physica A: Statistical Mechanics and its Applications, 2004, vol. 341, issue C, 575-585

Abstract: The distribution of money is analysed in connection with the Boltzmann distribution of energy in the degenerate states of molecules. Plots of the population density of income distribution for various countries are well reproduced by a Gamma function, confirming the validity of the statistical distribution at equilibrium. The equilibrium state is reached through pair wise money transference processes, independently of the shape of the initial distribution and also of the detailed nature of the money transactions between the economic agents.

Keywords: Money distribution transference (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:341:y:2004:i:c:p:575-585

DOI: 10.1016/j.physa.2004.05.029

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