We estimate and compare two models, the Generalized Taylor Economy (GTE) and the Multiple Calvo model (MC), that have been built to model the distributions of contract lengths observed in the data. We compare the performances of these models to those of the standard models such as the Calvo and...

Introduction -- Contemporary Economics and Inequality -- Growth Theories and Convergence Hypothesis -- Who Are Agents in Agent-Based Economic Models? -- Models of Subsistence Consumption -- Models of Competition -- The Dynamic Model of Market Inequality -- Conclusion.

This book examines empirical and theoretical research on economic inequality from the perspective of dynamic models. By using advanced mathematical tools, it reveals fundamental market dynamics and underlines the role of subsistence constraints and competition in economic distribution.