Kinetic Models of Wealth Distribution with Extreme Inequality: Numerical Study of Their Stability against Random Exchanges.
Monte Carlo simulations
Yard-Sale model
kinetic exchange models
wealth inequality
Journal
Entropy (Basel, Switzerland)
ISSN: 1099-4300
Titre abrégé: Entropy (Basel)
Pays: Switzerland
ID NLM: 101243874
Informations de publication
Date de publication:
24 Jul 2023
24 Jul 2023
Historique:
received:
05
06
2023
revised:
19
07
2023
accepted:
22
07
2023
medline:
29
7
2023
pubmed:
29
7
2023
entrez:
29
7
2023
Statut:
epublish
Résumé
In view of some recent reports on global wealth inequality, where a small number (often a handful) of people own more wealth than 50% of the world's population, we explored if kinetic exchange models of markets could ever capture features where a significant fraction of wealth can concentrate in the hands of a few as the market size
Identifiants
pubmed: 37510052
pii: e25071105
doi: 10.3390/e25071105
pmc: PMC10378154
pii:
doi:
Types de publication
Journal Article
Langues
eng
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