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Statistical theories of income and wealth distribution

Anindya S. Chakrabarti and Bikas K. Chakrabarti

Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2010, vol. 4, No 2010-4, 31 pages

Abstract: The distributions of income and wealth in countries across the world are found to possess some robust and stable features independent of the specific economic, social and political conditions of the countries. We discuss a few physics-inspired multi-agent dynamic models along with their microeconomic counterparts, that can produce the statistical features of the distributions observed in reality. A number of exact analytical methods and solutions are also provided.

Keywords: Personal Income; Wealth and Their Distributions; Exchange and Production Economies (search for similar items in EconPapers)
JEL-codes: C00 C31 D51 (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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http://dx.doi.org/10.5018/economics-ejournal.ja.2010-4
https://www.econstor.eu/bitstream/10419/30026/1/618933158.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifweej:20104

DOI: 10.5018/economics-ejournal.ja.2010-4

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