On avalanche-like perturbations of relaxed power-law distributions: Richardson's law of warfare as a consequence of the relaxation to a Pareto-like distribution of wealth
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Publication:6167316
DOI10.1140/EPJB/E2020-100568-3zbMath1516.91039OpenAlexW3005494342MaRDI QIDQ6167316
Publication date: 7 August 2023
Published in: The European Physical Journal B. Condensed Matter and Complex Systems (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1140/epjb/e2020-100568-3
Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Fokker-Planck equations (35Q84)
Cites Work
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- Possible generalization of Boltzmann-Gibbs statistics.
- Power-Law Distributions in Empirical Data
- Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States
- On the response of power law distributions to fluctuations
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