"The distribution of wealth and income is never uniform, and philosophers and economists have tried for years to understand the reasons and formulate remedies for such inequalities. This book introduces the elegant and intriguing kinetic exchange models that physicists have developed to tackle these issues. This is the first monograph in econophysics focussed on the analyses and modelling of these distributions, and is ideal for physicists and economists. It is written in simple, lucid language, with plenty of illustrations and in-depth analyses, making it suitable for researchers new to this field as well as specialized readers. It explores the origin of economic inequality and examines the scientific steps that can be taken to reduce this inequality inthe future"--
Daugiau informacijos
The first monograph in econophysics focussed on the analyses and modelling of these distributions, ideal for physicists and economists.
| Preface |
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vii | |
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1 | (6) |
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2 Income and wealth distribution data for different countries |
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7 | (28) |
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2.1 What are money, wealth and income? |
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7 | (1) |
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2.2 Empirical analyses using data from earlier periods |
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8 | (2) |
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2.3 Empirical analyses using data from recent periods |
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10 | (18) |
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2.4 Measures of income inequality: Gini coefficient and Lorenz curve |
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28 | (7) |
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3 Major socioeconomic modelling |
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35 | (20) |
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3.1 Models of income distribution |
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35 | (1) |
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3.2 Models of wealth distribution |
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36 | (16) |
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3.3 Statistical equilibrium theory of markets |
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52 | (3) |
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4 Market exchanges and scattering process |
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55 | (59) |
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55 | (32) |
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4.2 Models with commodity |
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87 | (10) |
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97 | (8) |
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105 | (2) |
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107 | (1) |
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108 | (6) |
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5 Analytic structure of the kinetic exchange market models |
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114 | (36) |
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5.1 Analytic results for the CC model |
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114 | (13) |
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5.2 Analytic results for the CCM model |
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127 | (12) |
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5.3 Analytic results for other models |
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139 | (11) |
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6 Microeconomic foundation of the kinetic exchange models |
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150 | (18) |
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6.1 Derivation of the basic kinetic exchange model |
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150 | (6) |
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6.2 Production of a vector of commodities |
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156 | (1) |
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6.3 A generalized version of the CC model |
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157 | (2) |
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159 | (4) |
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163 | (1) |
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6.6 Steady-state distribution of money and price |
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164 | (1) |
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165 | (3) |
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7 Dynamics: generation of income, inequality and development |
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168 | (25) |
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7.1 The economic significance |
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168 | (1) |
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7.2 Analysis of income distributions |
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169 | (13) |
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7.3 Analysis of wealth distributions |
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182 | (11) |
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193 | (8) |
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8.1
Chapters in a nutshell |
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194 | (1) |
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8.2 Beyond income and wealth |
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195 | (4) |
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8.3 Open problems and challenges |
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199 | (2) |
| References |
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201 | (12) |
| Index |
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213 | |
Bikas K. Chakrabarti is a Senior Professor of Theoretical Condensed Matter Physics at the Saha Institute of Nuclear Physics and a visiting Professor of Economics at the Indian Statistical Institute. He has research interests in statistical physics, condensed matter physics, computational physics and econophysics. Anirban Chakraborti is an Associate Professor at the Quantitative Finance Group, École Centrale Paris. He has research interests in statistical physics, econophysics and quantum physics. Satya R. Chakravarty is a Professor in the Economic Research Unit of the Indian Statistical Institute, Kolkata. His main areas of research interest are welfare economics, public economics, mathematical finance, industrial organization and game theory. Arnab Chatterjee is a postdoctoral researcher at Aalto University, Finland. He has research interests in statistical physics and its application to condensed matter and social sciences.
