Chakrabarti, Anindya S. ; Chakrabarti, Bikas K. (2010) Statistical theories of income and wealth distribution Economics, 4 . pp. 1-32. ISSN 1864-6042
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Official URL: http://www.economics-ejournal.org/economics/journa...
Related URL: http://dx.doi.org/10.5018/economics-ejournal.ja.2010-4
Abstract
The distributions of income and wealth in countries across the world are found to possess some robust and stable features independent of the specific economic, social and political conditions of the countries. We discuss a few physics-inspired multi-agent dynamic models along with their microeconomic counterparts, that can produce the statistical features of the distributions observed in reality. A number of exact analytical methods and solutions are also provided.
Item Type: | Article |
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Source: | Copyright of this article belongs to Kiel Institute for the World Economy. |
Keywords: | Economics, Economic Theory, Economic Policy, Econometrics |
ID Code: | 44807 |
Deposited On: | 23 Jun 2011 07:58 |
Last Modified: | 25 Jan 2023 09:52 |
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