Exponential wealth distribution in a random market. A rigorous explanation

DOI10.1016/j.jmaa.2011.07.060zbMath1232.91254OpenAlexW2963598541MaRDI QIDQ640959

Ricardo López-Ruiz, Xavier Calbet, José Luis López

Publication date: 21 October 2011

Published in: Journal of Mathematical Analysis and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmaa.2011.07.060

zbMATH Keywords

fixed point theoryfunctional analysisstatistical equilibrium

Mathematics Subject Classification ID

Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Microeconomic theory (price theory and economic markets) (91B24) Welfare economics (91B15)

Related Items (6)

Study of A Model for the Distribution of Wealth ⋮ In Search of H-theorem for Ulam’s Redistribution of Energy Problem ⋮ Random Market Models with an H-Theorem ⋮ The immediate exchange model: an analytical investigation ⋮ Directed random market: the equilibrium distribution ⋮ Convergence to an exponential wealth distribution in a random market model

Cites Work

• Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States
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