Inequalities of Wealth Distribution in a Society with Social Classes View Full Text


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Chapter Info

DATE

2006-01-01

AUTHORS

J. R. Iglesias , S. Risau-Gusman , M. F. Laguna

ABSTRACT

We study a simple model of capital exchange among economic agents in which the effect of a correlation between wealth and connectivity is considered within two different hypotheses: a) agents interact within their own social or economic class and b) agent’s connectivity is related to its success in exchange transactions. The wealth distribution in the first case may generate a two-class society with a clear gap in the middle and highly unequal power law distributions with a great number of strongly impoverished agents and a few very rich ones. In the second case the wealth distribution is modified by the dynamics of the lattice, getting closer to a power law for some values of the parameters of the model. As expected, the lattice itself is different from the random initial one. More... »

PAGES

327-332

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/4-431-28915-1_60

DOI

http://dx.doi.org/10.1007/4-431-28915-1_60

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1031952051


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