The statistical distribution of money and the rate of money transference

Details The statistical distribution of money and the rate of money transference The statistical distribution of money and the rate of money transference

2003-06-12

arxiv.org/abs/cond-mat/0306322v1

Physics

Condensed Matter

Statistical Mechanics

15 pages plus 1 table plus 3 figures

Scientific paper

10.1016/j.physa.2004.05.029

The distribution of money is analysed in connection with the Boltzmann distribution of energy in the degenerate states of molecules. Plots of the population density of income distribution for various countries are well reproduced by a Gamma function, confirming the validity of the statistical distribution at equilibrium. The equilibrium state is reached through pair wise money transference processes, independently of the shape of the initial distribution and also of the detailed nature of the money transactions between the economic agents.

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