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.
Wealth distribution and the Lorenz curve: a finitary approach / Scalas, E.; Radivojevic, T.; Garibaldi, U.. - In: JOURNAL OF ECONOMIC INTERACTION AND COORDINATION. - ISSN 1860-7128. - 10:1(2015), pp. 79-89. [10.1007/s11403-014-0136-2]
Wealth distribution and the Lorenz curve: a finitary approach
Scalas E.;
2015
Abstract
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.File allegati a questo prodotto
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
