Exchanges in complex networks: income and wealth distributions

نویسندگان

  • T. Di Matteo
  • T. Aste
  • S. T. Hyde
چکیده

— 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.

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Study of a Market Model with Conservative Exchanges on Complex Networks

Many models of market dynamics make use of the idea of conservative wealth exchanges among economic agents. A few years ago an exchange model using extremal dynamics was developed and a very interesting result was obtained: a self-generated minimum wealth or poverty line. On the other hand, the wealth distribution exhibited an exponential shape as a function of the square of the wealth. These r...

متن کامل

The pattern of income distribution and wealth from the perspective of the Holy Quran

Abstract An optimal pattern is expected to simplify complex phenomena on a small scale. The pattern of income distribution and wealth from the perspective of the Holy Quran to the systematic set of foundations and infrastructures (such as the true ownership of God (his will) on existence, the substitution of man and the trustworthiness of property in his hands); goals (spirituality, justice ...

متن کامل

Kinetic exchange models for income and wealth distributions

Increasingly, a huge amount of statistics have been gathered which clearly indicates that income and wealth distributions in various countries or societies follow a robust pattern, close to the Gibbs distribution of energy in an ideal gas in equilibrium. However, it also deviates in the low income and more significantly for the high income ranges. Application of physics models provides illumina...

متن کامل

An agent-based interaction model for Chinese personal income distribution

The personal income distribution in China was studied by employing the data from China Household Income Projects (CHIP) between 1990 and 2002. It was observed that the low and middle income regions could be described by the log-normal law, while the large income region could bewell fitted by the power law. To characterize these empirical findings, a stochastic interactive model with mean-field ...

متن کامل

Income and Wealth Distributions Along the Business Cycle: Implications from the Neoclassical Growth Model

This paper studies the business cycle dynamics of income and wealth distributions in the context of the neoclassical growth model where agents are heterogeneous in initial wealth and non-acquired skills. Our economy admits a representative consumer which enables us to characterize distributive dynamics by the evolution of aggregate quantities. We show that inequality in both wealth and income f...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2005