Effects of consumption strategy on wealth distribution on scale-free networks

We investigate wealth distribution on scale-free networks with different consumption strategies. We indicate that nonlinear consumption function can lead to exponential wealth distribution with a power law tail in accordance with empirical data. In addition, we suggest that anti-degree preference and consumption promotion can make distribution more equal. This provides an effective and practical way to optimize the equality of wealth distribution.

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Year of publication:	2012
Authors:	Pei, Sen ; Tang, Shaoting ; Zhang, Xiao ; Liu, Zhicong ; Zheng, Zhiming
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 391.2012, 5, p. 2023-2031
Publisher:	Elsevier
Subject:	Wealth distribution \| Consumption function \| Scale-free networks \| Econophysics

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010591622