Exponential wealth distribution in a random market. A rigorous explanation

Details Exponential wealth distribution in a random market. A rigorous explanation Exponential wealth distribution in a random market. A rigorous explanation

2011-03-29

arxiv.org/abs/1103.5703v3

Economy

Quantitative Finance

General Finance

9 pages, 4 figures

Scientific paper

In simulations of some economic gas-like models, the asymptotic regime shows
an exponential wealth distribution, independently of the initial wealth
distribution given to the system. The appearance of this statistical
equilibrium for this type of gas-like models is explained in a rigorous
analytical way.

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