Distribution Of Wealth In A Network Model Of The Economy

Tao Ma, John G. Holden and R. A. Serota

Papers from arXiv.org

Abstract: We show, analytically and numerically, that wealth distribution in the Bouchaud-M\'ezard network model of the economy is described by a three-parameter generalized inverse gamma distribution. In the mean-field limit of a network with any two agents linked, it reduces to the inverse gamma distribution.

Date: 2012-08
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