Economic Inequality: Is it Natural?
Mounting evidences are being gathered suggesting that income and wealth distribution in various countries or societies follow a robust pattern, close to the Gibbs distribution of energy in an ideal gas in equilibrium, but also deviating significantly for high income groups. Application of physics models seem to provide illuminating ideas and understanding, complimenting the observations.
Year of publication: |
2007-03
|
---|---|
Authors: | Chatterjee, Arnab ; Sinha, Sitabhra ; Chakrabarti, Bikas K. |
Institutions: | arXiv.org |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Money in Gas-Like Markets: Gibbs and Pareto Laws
Chatterjee, Arnab, (2003)
-
Master equation for a kinetic model of trading market and its analytic solution
Chatterjee, Arnab, (2005)
-
Time series of stock price and of two fractal overlap: Anticipating market crashes?
Chakrabarti, Bikas K., (2005)
- More ...