A Model of the Distribution of Wealth in Society

Authors

  • H. Lavička
  • F. Slanina

DOI:

https://doi.org/10.14311/764

Keywords:

Pareto’s law, economics, scattering

Abstract

A model of the distribution of wealth in society will be presented. The model is based on an agent-based Monte Carlo simulation where interaction (exchange of wealth) is allowed along the edges of a small-world network. The interaction is like inelastic scattering and it is characterized by two constants. Simulations of the model show that the distribution behaves as a power-law and it agrees with results of Pareto. 

Downloads

Download data is not yet available.

Author Biographies

  • H. Lavička
  • F. Slanina

Downloads

Published

2005-01-05

Issue

Vol. 45 No. 5 (2005)

Section

Articles

How to Cite

Lavička, H., & Slanina, F. (2005). A Model of the Distribution of Wealth in Society. Acta Polytechnica, 45(5). https://doi.org/10.14311/764