Distribution of wealth in a network model of the economy
We show, analytically and numerically, that wealth distribution in the Bouchaud–Mézard
network model of the economy is described by a three-parameter generalized inverse
gamma distribution. In the mean-field limit of a network with any two agents linked, it reduces
to the inverse gamma distribution.
network model of the economy is described by a three-parameter generalized inverse
gamma distribution. In the mean-field limit of a network with any two agents linked, it reduces
to the inverse gamma distribution.
We show, analytically and numerically, that wealth distribution in the Bouchaud–Mézard network model of the economy is described by a three-parameter generalized inverse gamma distribution. In the mean-field limit of a network with any two agents linked, it reduces to the inverse gamma distribution.
Elsevier