Analysis of Solidarity Effect for Entropy, Pareto, and Gini Indices on Two-Class Society Using Kinetic Wealth Exchange Model

It is well known that two different underlying dynamics lead to different patterns of income/wealth distribution such as the Boltzmann–Gibbs form for the lower end and the Pareto-like power-law form for the higher-end. The Boltzmann–Gibbs distribution is naturally derived from maximizing the entropy...

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Bibliographic Details
Main Authors: Gyuchang Lim, Seungsik Min
Format: Article
Language:English
Published: MDPI AG 2020-03-01
Series:Entropy
Subjects:
Online Access:https://www.mdpi.com/1099-4300/22/4/386

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