An out-of-equilibrium model of the distributions of wealth
An out-of-equilibrium model of the distributions of wealth
The distribution of wealth among the members of a society is herein assumed to result from two fundamental mechanisms: trade and investment. An empirical distribution of wealth shows an abrupt change between the lowā€“medium range, that may be fitted by a non-monotonic function with an exponential-like tail such as a ā€¦