Wealth Distribution in a Network with Correlations Between Links and Success (original) (raw)
2005, New Economic Windows
AI-generated Abstract
This paper examines the wealth distribution among agents in a network, focusing on the impact of correlations between connectivity and economic success. It contrasts historical findings of wealth distribution, originally proposed by Pareto, with contemporary data suggesting a duality of Gaussian-like distributions for lower wealth classes and power-law distributions for higher classes. The authors introduce a model that incorporates connectivity-correlated success, revealing that the probability of favoring poorer agents plays a significant role in shaping wealth distributions, leading to outcomes that deviate from traditional social models.
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