Wealth distribution and the Lorenz curve: a finitary approach

Scalas, Enrico, Radivojević, Tijana and Garibaldi, Ubaldo (2015) Wealth distribution and the Lorenz curve: a finitary approach. Journal of Economic Interaction and Coordination, 10 (1). pp. 79-89. ISSN 1860-711X

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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.

Item Type: Article
Schools and Departments: School of Mathematical and Physical Sciences > Mathematics
Subjects: H Social Sciences > HB Economic theory. Demography > HB0251 Wealth Including distribution of wealth
Q Science > QA Mathematics > QA0276 Mathematical statistics
Depositing User: Enrico Scalas
Date Deposited: 18 Sep 2014 13:31
Last Modified: 24 Feb 2023 17:45
URI: http://sro.sussex.ac.uk/id/eprint/50049

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Project NameSussex Project NumberFunderFunder Ref
PRIN 20092009H8WPX5_002Ministero dell'Istruzione, dell'Universita' e della RicercaUnset