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Wealth distribution and the Lorenz curve: a finitary approach

journal contribution
posted on 2023-06-08, 18:20 authored by Enrico Scalas, Tijana Radivojevic, Ubaldo Garibaldi
We use three stochastic games for the wealth of economic agents which may be at work in a real economy and we derive their statistical equilibrium distributions. Based on a heuristic argument, we assume that the expected observed wealth distribution is a mixture of these three distributions. We compare the Lorenz curves obtained from this conjecture with the empirical curves for a set of countries.

Funding

PRIN 2009; 2009H8WPX5_002; Ministero dell'Istruzione, dell'Universita' e della Ricerca

History

Publication status

  • Published

Journal

Journal of Economic Interaction and Coordination

ISSN

1860-711X

Publisher

Springer

Issue

1

Volume

10

Page range

79-89

Department affiliated with

  • Mathematics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2014-09-18

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