Colloquium: Statistical mechanics of money, wealth, and income

VM Yakovenko, JB Rosser Jr - Reviews of modern physics, 2009 - APS
This Colloquium reviews statistical models for money, wealth, and income distributions
developed in the econophysics literature since the late 1990s. By analogy with the …

Econophysics, statistical mechanics approach to

VM Yakovenko - arxiv preprint arxiv:0709.3662, 2007 - arxiv.org
This is a review article for Encyclopedia of Complexity and System Science, to be published
by Springer http://refworks. springer. com/complexity/. The paper reviews statistical models …

[BOOK][B] Econophysics of income and wealth distributions

BK Chakrabarti, A Chakraborti, SR Chakravarty… - 2013 - books.google.com
The distribution of wealth and income is never uniform, and philosophers and economists
have tried for years to understand the reasons and formulate remedies for such inequalities …

Kinetic exchange models for income and wealth distributions

A Chatterjee, BK Chakrabarti - The European Physical Journal B, 2007 - Springer
Increasingly, a huge amount of statistics have been gathered which clearly indicates that
income and wealth distributions in various countries or societies follow a robust pattern …

Pareto's law of income distribution: Evidence for Germany, the United Kingdom, and the United States

F Clementi, M Gallegati - … of wealth distributions: Econophys-Kolkata I, 2005 - Springer
We analyze three sets of income data: the US Panel Study of Income Dynamics (PSID), the
British Household Panel Survey (BHPS), and the German Socio-Economic Panel (GSOEP) …

[BOOK][B] Essentials of econophysics modelling

F Slanina - 2013 - books.google.com
This book is a course in methods and models rooted in physics and used in modelling
economic and social phenomena. It covers the discipline of econophysics, which creates an …

Do wealth distributions follow power laws? Evidence from 'rich lists'

M Brzezinski - Physica A: Statistical Mechanics and its Applications, 2014 - Elsevier
We use data on the wealth of the richest persons taken from the 'rich lists' provided by
business magazines like Forbes to verify if the upper tails of wealth distributions follow, as …

Twenty-five years of random asset exchange modeling

M Greenberg, HO Gao - The European Physical Journal B, 2024 - Springer
The last 25 years have seen the development of a significant literature within the subfield of
econophysics which attempts to model economic inequality as the emergent property of …

Gintropy: Gini index based generalization of entropy

TS Biró, Z Néda - Entropy, 2020 - mdpi.com
Entropy is being used in physics, mathematics, informatics and in related areas to describe
equilibration, dissipation, maximal probability states and optimal compression of information …

[HTML][HTML] Wealth distribution models with regulations: Dynamics and equilibria

BHF Cardoso, S Gonçalves, JR Iglesias - Physica A: Statistical Mechanics …, 2020 - Elsevier
Simple agent based exchange models are a commonplace in the study of wealth distribution
in an artificial economy. Generally, in a system that is composed of many agents …