Broad distributions from resource partitioning

G. Malescio

Physica A: Statistical Mechanics and its Applications, 2007, vol. 383, issue 2, 643-650

Abstract: We present a model describing a generic process in which a finite resource is partitioned and distributed among agents. Through numerical simulation we show that the model considered is able to originate, within a unifying approach, a variety of broad distributions and provides an interpretation of empirical properties of distributions observed in the real world. In particular it allows to relate the exponent of the power-law part of the distributions to resource abundance and accessibility, while the left-end exponential behavior, observed in many distributions, is related to the presence of dissipative effects.

Keywords: Broad distributions; Power-law behavior; Resource allocation (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:383:y:2007:i:2:p:643-650

DOI: 10.1016/j.physa.2007.05.016

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