Wealth Distribution in a Local-World Network

Lu Lan; Qi Sheng Gao; Yan Yan Yang

doi:10.4028/www.scientific.net/AMR.472-475.2879

Paper Titles

Research on Three Dimensional Design of Cavity of Injection Molds of Involute Plastic Gears
p.2859

The Structure Design and Dynamic Characteristic Simulation Analysis of Electric Spindle Using the PC Grinder of Ceramic Ferrule
p.2864

Synthesis on Modified Chloroprene Rubber Adhesive Dedicated to Bonding UHMWPE and 45# Steel
p.2868

Research on Dynamic Characteristics Analysis of the Whole Grinding Machine Tool Based on FEM
p.2874

Wealth Distribution in a Local-World Network
p.2879

The Pressure Transmission Properties and its Application of Composite Powder between the Silica Powder and Hexagonal Boron Nitride
p.2885

Research on the Carbides of Its Alloying Layer Conducted by W-Mo-Y Surface Alloying and Carburizing Process
p.2891

Study on Reconstruction for Turbine Blade Surface Using NURBS
p.2896

The Improvement of Anticorrosive Technology for Pipeline in Panjin Oilfield
p.2901

HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 472-475Wealth Distribution in a Local-World Network

Wealth Distribution in a Local-World Network

Abstract:

We study the flow of money among agents in the local-world network with yard-sale model and aggressiveness. The system allows money trade between two agents and a time during the evolving of the model, betting a fraction α of the loser’s agent wealth. b parameterizes the significance of the relative wealth of the agents. According to analysis the wealth distribution with b>0,b=0 and bis the most important index of system structure. The computation and simulation results tell us that Gini coefficient is growing up gradually as increasing of . These results can offer effective approaches for our country to establish useful measure and policy to relax the unequal distribution of wealth.

You might also be interested in these eBooks

Advanced Manufacturing Technology, ICMSE 2012

View Preview

Info:

Periodical:

Advanced Materials Research (Volumes 472-475)

Pages:

2879-2884

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.472-475.2879

Citation:

Cite this paper

Online since:

February 2012

Authors:

Lu Lan, Qi Sheng Gao, Yan Yan Yang

Keywords:

Aggressiveness, Gini Coefficient, Local-World Network, Wealth Distribution

Export:

RIS, BibTeX

Price:

Permissions CCC:

Request Permissions

Permissions PLS:

Request Permissions

Сopyright:

Citation:

References

[1] R.Albert, A L.Barabasi: Statistical mechanics of complex networks [J]. Review of Modern Physics. Vol. 74 (2002), pp.47-91.

Google Scholar

[2] E.S.R. Mantenga: An introduction to econophisics, Cambridge University Press (2000).

Google Scholar

[3] J.Yu: The wealth distribution in a weighted small-world network [J]. Journal of Hefei University (Nature Science), Vol.19 (2009), pp.59-62.

Google Scholar

[4] J.P. Bouchaud, M.Mezard: Wealth condensation in a simple model of economy [J]. arxov:cond-mat/0002374v124 Feb 2000.

Google Scholar

[5] L.Xiang, C.G. Rong: A local-world evolving network model [J]. Physica A. Vol.328 (2003) P.274-286.

Google Scholar

[6] L.H. Hartwell, J.J. Hopfield, S.Leiblers and A.W. Murray: From molecular to modular cell biology. Nature[J]. Nature. Vol.402 (1999), c47-c52.

DOI: 10.1038/35011540

Google Scholar

[7] S.Sihna, phys.Scripta T106 (2003) p.59.

Google Scholar

[8] N.Scafetta, J.W. Bruce. Probability distributions in conservative energy exchange models of multiple interacting agents [J]. Journal of Physics: Condensed Matter. Vol.19 (2007) pp.65-138.

DOI: 10.1088/0953-8984/19/6/065138

Google Scholar

[9] M.Rodriguez-Achach, R.Huerta-Quintanilla: The distribution of wealth in the presence of altruism in simple economic models [J]. Physica A. Vol.361 (2006) pp.309-318.

DOI: 10.1016/j.physa.2005.07.001

Google Scholar