We investigate wealth distribution on scale-free networks with different consumption strategies.We indicate that nonlinear consumption function can lead to exponentialwealth distribution with a power law tail in accordance with empirical data. In addition, we suggest that anti-degree preference and consumption promotion can make distribution more equal. This provides an effective and practical ...

The economic world is full of patterns, and one of the most controversial is the distribution of wealth. You might expect the balance between rich and poor to vary widely from country to country. But back in 1897, Vilfredo Pareto discovered a pattern of wealth distribution that appears to be universal. Whenever you double the amount of wealth within a country, the number of people in each succe...

We investigate the problem of wealth distribution from the viewpoint of asset exchange. Robust nature of Pareto’s law across economies, ideologies and nations suggests that this could be an outcome of trading strategies. However, the simple asset exchange models fail to reproduce this feature. A yardsale(YS) model in which amount put on the bet is a fraction of minimum of the two players leads ...

Countries that are endowed with extractive resources such as oil and gas can have tremendous impact to the economy if emanating wealth is well managed, allocated, distributed. Good governance of creates employment thus improving well-being among national citizens. At same time, for governments, this may generate new revenue streams fund basic government services stimulate further economic growth.