Effects of consumption strategy on wealth distribution on scale-free networks

Sen Pei; Shaoting Tang; Xiao Zhang; Zhicong Liu; Zhiming Zheng

doi:10.1016/j.physa.2011.10.017

Effects of consumption strategy on wealth distribution on scale-free networks

Sen Pei^*
, Shaoting Tang
, Xiao Zhang
, Zhicong Liu
, Zhiming Zheng

^*Corresponding author for this work

Beihang University

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

Abstract

We investigate wealth distribution on scale-free networks with different consumption strategies. We indicate that nonlinear consumption function can lead to exponential wealth distribution with a power law tail in accordance with empirical data. In addition, we suggest that anti-degree preference and consumption promotion can make distribution more equal. This provides an effective and practical way to optimize the equality of wealth distribution.

Original language	English
Pages (from-to)	2023-2031
Number of pages	9
Journal	Physica A: Statistical Mechanics and its Applications
Volume	391
Issue number	5
DOIs	https://doi.org/10.1016/j.physa.2011.10.017
State	Published - 1 Mar 2012

Keywords

Consumption function
Econophysics
Scale-free networks
Wealth distribution

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10.1016/j.physa.2011.10.017

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abstract = "We investigate wealth distribution on scale-free networks with different consumption strategies. We indicate that nonlinear consumption function can lead to exponential wealth distribution with a power law tail in accordance with empirical data. In addition, we suggest that anti-degree preference and consumption promotion can make distribution more equal. This provides an effective and practical way to optimize the equality of wealth distribution.",

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AU - Zhang, Xiao

AU - Liu, Zhicong

AU - Zheng, Zhiming

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N2 - We investigate wealth distribution on scale-free networks with different consumption strategies. We indicate that nonlinear consumption function can lead to exponential wealth distribution with a power law tail in accordance with empirical data. In addition, we suggest that anti-degree preference and consumption promotion can make distribution more equal. This provides an effective and practical way to optimize the equality of wealth distribution.

AB - We investigate wealth distribution on scale-free networks with different consumption strategies. We indicate that nonlinear consumption function can lead to exponential wealth distribution with a power law tail in accordance with empirical data. In addition, we suggest that anti-degree preference and consumption promotion can make distribution more equal. This provides an effective and practical way to optimize the equality of wealth distribution.

KW - Consumption function

KW - Econophysics

KW - Scale-free networks

KW - Wealth distribution

UR - https://www.scopus.com/pages/publications/84655169642

U2 - 10.1016/j.physa.2011.10.017

DO - 10.1016/j.physa.2011.10.017

M3 - 文章

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JO - Physica A: Statistical Mechanics and its Applications

JF - Physica A: Statistical Mechanics and its Applications

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ER -

Effects of consumption strategy on wealth distribution on scale-free networks

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Keywords

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