Physics – Condensed Matter – Statistical Mechanics
Scientific paper
2003-10-23
in "The Physics of Complex Systems (New Advances and Perspectives)", Eds. F. Mallamace and H. E. Stanley, (IOS Press, Amsterda
Physics
Condensed Matter
Statistical Mechanics
8 pages, 11 figures
Scientific paper
We investigate the wealth evolution in a system of agents that exchange wealth through a disordered network in presence of an additive stochastic Gaussian noise. We show that the resulting wealth distribution is shaped by the degree distribution of the underlying network and in particular we verify that scale free networks generate distributions with power-law tails in the high-income region. Numerical simulations of wealth exchanges performed on two different kind of networks show the inner relation between the wealth distribution and the network properties and confirm the agreement with a self-consistent solution. We show that empirical data for the income distribution in Australia are qualitatively well described by our theoretical predictions.
Aste Tomaso
Di Matteo Tiziana
Hyde Stephen T.
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