A distribution function analysis of wealth distribution

Arnab Das and Sudhakar Yarlagadda

Papers from arXiv.org

Abstract: We develop a general framework to analyze the distribution functions of wealth and income. Within this framework we study wealth distribution in a society by using a model which turns on two-party trading for poor people while for rich people interaction with wealthy entities (huge reservoir) is relevant. At equilibrium, the interaction with wealthy entities gives a power law (Pareto-like) behavior in the wealth distribution while the two party interaction gives a distribution similar to that reported earlier.

Date: 2003-10
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Citations: View citations in EconPapers (4)

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