Kinetic exchange models for income and wealth distributions

A. Chatterjee and B. K. Chakrabarti ()

The European Physical Journal B: Condensed Matter and Complex Systems, 2007, vol. 60, issue 2, 135-149

Abstract: Increasingly, a huge amount of statistics have been gathered which clearly indicates that income and wealth distributions in various countries or societies follow a robust pattern, close to the Gibbs distribution of energy in an ideal gas in equilibrium. However, it also deviates in the low income and more significantly for the high income ranges. Application of physics models provides illuminating ideas and understanding, complementing the observations. Copyright EDP Sciences/Società Italiana di Fisica/Springer-Verlag 2007

Keywords: 89.20.Hh World Wide Web; Internet; 89.75.Hc Networks and genealogical trees; 89.75.Da Systems obeying scaling laws; 43.38.Si Telephones; earphones; sound power telephones; and intercommunication systems (search for similar items in EconPapers)
Date: 2007
References: View complete reference list from CitEc
Citations: View citations in EconPapers (68)

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DOI: 10.1140/epjb/e2007-00343-8

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