Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/28949 
Year of Publication: 
2009
Series/Report no.: 
Economics Discussion Papers No. 2009-45
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
The distributions of income and wealth in countries across the world are found to possess some robust and stable features independent of the specific economic, social and political conditions of the countries. We discuss a few physics-inspired multi-agent dynamic models along with their microeconomic counterparts, that can produce the statistical features of the distributions observed in reality. A number of exact analytical methods and solutions are also provided.
Subjects: 
Income distribution
wealth distribution
inequality
exchange economies
money
JEL: 
C00
C31
D51
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Working Paper

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