Inequalities of wealth distribution in a conservative economy

Details Inequalities of wealth distribution in a conservative economy Inequalities of wealth distribution in a conservative economy

2003-11-05

arxiv.org/abs/cond-mat/0311113v1

Physics

Condensed Matter

Statistical Mechanics

7 pages, 4 figures, submitted to Physica A, Proceedings of the VIII LAWNP, Salvador, Brazil, 2003

Scientific paper

10.1016/j.physa.2004.04.078

We analyze a conservative market model for the competition among economic agents in a close society. A minimum dynamics ensures that the poorest agent has a chance to improve its economic welfare. After a transient, the system self-organizes into a critical state where the wealth distribution have a minimum threshold, with almost no agent below this poverty line, also, very few extremely rich agents are stable in time. Above the poverty line the distribution follows an exponential behavior. The local solution exhibits a low Gini index, while the mean field solution of the model generates a wealth distribution similar to welfare states like Sweden.

Affiliated with

Also associated with

No associations

Rating

Inequalities of wealth distribution in a conservative economy does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.

If you have personal experience with Inequalities of wealth distribution in a conservative economy, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Inequalities of wealth distribution in a conservative economy will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFWR-SCP-O-627949