A simple dynamical model leading to Pareto wealth distribution and stability
Economics
2014-10-06 v2 Dynamical Systems
Statistics Theory
Statistics Theory
Abstract
We propose a simple dynamical model of wealth evolution. The invariant distributions are of Pareto type and are dynamically stable as conjectured by Pareto.
Cite
@article{arxiv.1409.4857,
title = {A simple dynamical model leading to Pareto wealth distribution and stability},
author = {Ricardo Pérez-Marco},
journal= {arXiv preprint arXiv:1409.4857},
year = {2014}
}
Comments
10 pages. Formulas corrected from version 1. Results unchanged