英文标题:
《When does inequality freeze an economy?》
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作者:
Jo\\~ao Pedro Jerico, Fran\\c{c}ois P. Landes, Matteo Marsili, Isaac
P\\\'erez Castillo and Valerio Volpati
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最新提交年份:
2016
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英文摘要:
Inequality and its consequences are the subject of intense recent debate. Using a simplified model of the economy, we address the relation between inequality and liquidity, the latter understood as the frequency of economic exchanges. Assuming a Pareto distribution of wealth for the agents, that is consistent with empirical findings, we find an inverse relation between wealth inequality and overall liquidity. We show that an increase in the inequality of wealth results in an even sharper concentration of the liquid financial resources. This leads to a congestion of the flow of goods and the arrest of the economy when the Pareto exponent reaches one.
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中文摘要:
不平等及其后果是最近激烈辩论的主题。通过一个简化的经济模型,我们讨论了不平等性和流动性之间的关系,后者被理解为经济交换的频率。假设代理人的财富分布为帕累托分布,这与实证结果一致,我们发现财富不平等与总体流动性之间存在反向关系。我们表明,财富不平等的加剧导致流动性金融资源更加集中。当帕累托指数达到1时,这会导致商品流动的堵塞和经济停滞。
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:Economics 经济学
分类描述:q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学,包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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一级分类:Physics 物理学
二级分类:Physics and Society 物理学与社会
分类描述:Structure, dynamics and collective behavior of societies and groups (human or otherwise). Quantitative analysis of social networks and other complex networks. Physics and engineering of infrastructure and systems of broad societal impact (e.g., energy grids, transportation networks).
社会和团体(人类或其他)的结构、动态和集体行为。社会网络和其他复杂网络的定量分析。具有广泛社会影响的基础设施和系统(如能源网、运输网络)的物理和工程。
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