The importance of the privilege in resource redistribution models for appearance of inverse-power solutions

Zbigniew Czechowski

Physica A: Statistical Mechanics and its Applications, 2005, vol. 345, issue 1, 92-106

Abstract: A polemics with the opinion that power laws generically appear in systems with finite resources is carried on. Examples of simple models of redistribution of resources which lead to short-tail distributions are given. It is shown that the true cause of inverse-power distributions is some kind of privilege which is hidden at a specific method of redistribution. It is explained why some multiplicative processes lead to logexponential (i.e., inverse-power) distribution functions rather than to lognormal ones. The paper stands as the next contribution confirming the hypothesis that the adequate privilege is the cause of origin of inverse-power distributions in many phenomena.

Keywords: Inverse-power distribution; Stochastic multiplicative process; Non-linear transformation (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:345:y:2005:i:1:p:92-106

DOI: 10.1016/j.physa.2004.07.014

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