Exponential wealth distribution in a random market. A rigorous explanation

DOI10.1016/J.JMAA.2011.07.060MaRDI QIDQ640959zbMATHOpenAlexFDO

Authors José L. López, Ricardo López-Ruiz, Xavier Calbet

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

functional analysisfixed point theorystatistical 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)

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Cites work

• scientific article; zbMATH DE number 4028079 (Why is no real title available?)
• scientific article; zbMATH DE number 44103 (Why is no real title available?)
• Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States

Cited in

(11)

• Statistical equilibrium wealth distributions in an exchange economy with stochastic preferences.
• Rigorous proof of the Boltzmann-Gibbs distribution of money on connected graphs
• In search of \(H\)-theorem for Ulam's redistribution of energy problem
• Convergence to an exponential wealth distribution in a random market model
• The immediate exchange model: an analytical investigation
• Stochastic Maps, Wealth Distribution in Random Asset Exchange Models and the Marginal Utility of Relative Wealth
• Exponential wealth distribution : a new approach from functional iteration theory
• Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States
• Random market models with an \(H\)-theorem
• Directed random market: the equilibrium distribution
• Study of A model for the distribution of wealth

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