Money distribution in agent-based models with position-exchange dynamics: the Pareto paradigm revisited

被引:10
作者
Aydiner, Ekrem [1 ]
Cherstvy, Andrey G. [2 ]
Metzler, Ralf [2 ]
机构
[1] Istanbul Univ, Dept Phys, TR-34134 Istanbul, Turkey
[2] Univ Potsdam, Inst Phys & Astron, D-14476 Potsdam, Germany
关键词
Statistical and Nonlinear Physics; STATISTICAL-MECHANICS; WEALTH DISTRIBUTION; SAVING PROPENSITY; ASSET EXCHANGE; INCOME; LAW; ECONOPHYSICS; MARKETS;
D O I
10.1140/epjb/e2019-90674-0
中图分类号
O469 [凝聚态物理学];
学科分类号
070205 ;
摘要
Wealth and income distributions are known to feature country-specific Pareto exponents for their long power-law tails. To propose a rationale for this, we introduce an agent-based dynamic model and use Monte Carlo simulations to unveil the wealth distributions in closed and open economical systems. The standard money-exchange scenario is supplemented with the position-exchange agent dynamics that vitally affects the Pareto law. Specifically, in closed systems with position-exchange dynamics the power law changes to an exponential shape, while for open systems with traps the Pareto law remains valid.
引用
收藏
页数:4
相关论文
共 41 条
[41]   Colloquium: Statistical mechanics of money, wealth, and income [J].
Yakovenko, Victor M. ;
Rosser, J. Barkley, Jr. .
REVIEWS OF MODERN PHYSICS, 2009, 81 (04) :1703-1725