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Econophysics of Wealth Distributions

Econophys-Kolkata I
Sofort lieferbar | Lieferzeit: Sofort lieferbar I
ISBN-13:
9788847003897
Veröffentl:
2007
Seiten:
248
Autor:
Arnab Chatterjee
Serie:
New Economic Windows
eBook Typ:
PDF
eBook Format:
EPUB
Kopierschutz:
1 - PDF Watermark
Sprache:
Englisch
Beschreibung:

Understanding the distribution of income and wealth in an economy has been a classic problem in economics for the last hundred years. Apart from the rapidly decaying number density of people with their income crossing over to a robust power law for the very rich, known as the Pareto power-law, after Vilfredo Pareto. With the availability of accurate data from finance/income-tax departments of various countries, several robust features of the income distribution have been established.
"Understanding the distribution of income and wealth in an economy has been a classic problem in economics for the last hundred years. Apart from the rapidly decaying number density of people with their income crossing over to a robust power law for the very rich, known as the Pareto power-law, after Vilfredo Pareto. With the availability of accurate data from finance/income-tax departments of various countries, several robust features of the income distribution have been established.
Data and analysis.- Pareto's Law of Income Distribution: Evidence for Germany, the United Kingdom, and the United States.- Two-class Structure of Income Distribution in the USA: Exponential Bulk and Power-law Tail.- Pareto-Zipf, Gibrat's Laws, Detailed-Balance and their Breakdown.- Empirical study and model of personal income.- Blockbusters, Bombs and Sleepers: The Income Distribution of Movies.- Models and theories.- Emergent Statistical Wealth Distributions in Simple Monetary Exchange Models: A Critical Review.- Lagrange Principle of Wealth Distribution.- Carnot Process of Wealth Distribution.- Ideal-Gas Like Markets: Effect of Savings.- Kinetic Theory Models for the Distribution of Wealth: Power Law from Overlap of Exponentials.- Detailed Simulation Results for Some Wealth Distribution Models in Econophysics.- Dynamics of Money and Income Distributions.- Dynamic Process of Money Transfer Models.- A Stochastic Trading Model of Wealth Distribution.- Wealth Distribution in a Network with Correlations Between Links and Success.- The Monomodal, Polymodal, Equilibrium and Nonequilibrium Distribution of Money.- Relieving Poverty by Modifying Income and Wealth Distributions.- The Rich Are Different ! Pareto Law from Asymmetric Interactions in Asset Exchange Models.- Do We All Face the Same Constraints?.- Related studies.- A Stochastic Model of Wealth Distribution.- How the Rich Get Richer.- Power-Law Distribution in an Emerging Capital Market.- Statistical Analysis on Bombay Stock Market.- Funds Management by Banks in India: Solution to a Persisting Optimization Problem.- Income Distribution in the Boltzmann-Pareto Framework.- Comments and Discussions.- Econophys-Kolkata: A Short Story.- Econophysics of Wealth Distribution: A Comment.- Econophysics of WealthDistributions: Workshop Summaries.

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