Dynamic Theory of Wealth Distribution.

Kinetic theory models for the distribution of wealth

Various multi-agent models of wealth distributions defined by microscopic laws regulating the trades, with or without a saving criterion, are reviewed. We discuss and clarify the equilibrium properties of the model with a constant global saving propensity, resulting in Gamma distributions, and their equivalence to the Maxwell-Boltzmann kinetic energy distribution in an effective number of dimen...

Wealth Effects, Distribution, and the Theory of Organization

We construct a general equilibrium model of firm formation in which organization is endogenous. Firms are coalitions of agents providing effort and investment capital. Effort is unobservable unless a fixed monitoring cost is paid, and borrowing is subject to a costly state verification problem. Because incentives vary with an agent's wealth, different types of agents become attractive firm memb...

Distribution of Wealth

Exponential wealth distribution: a new approach from functional iteration theory

Exponential distribution is ubiquitous in the framework of multi-agent systems. Usually, it appears as an equilibrium state in the asymptotic time evolution of statistical systems. It has been explained from very different perspectives. In statistical physics, it is obtained from the principle of maximum entropy [1]. In the same context, it can also be derived without any consideration about in...

application of the theory of economic justice for wealth and income distribution under an islamic system

the paper intends to briefly present a perspective of the significanceand substance of the economic justice. it then reviews the teachings ofislamic sharia , and various opinious presented on the subject, andconcludes four specific rules . and criierias for determination and assessment of the existence of justice in economics, as follows: 1 - product sharing on the basis of participation in pro...