Wealth distribution and the Lorenz curve: a finitary approach

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Date
2015-12-31Author
Scalas E.
Radivojevic T.
Garibaldi U.
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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.