4.6 Article

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

Journal

PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS
Volume 391, Issue 5, Pages 2023-2031

Publisher

ELSEVIER SCIENCE BV
DOI: 10.1016/j.physa.2011.10.017

Keywords

Wealth distribution; Consumption function; Scale-free networks; Econophysics

Funding

  1. international cooperation project [2010DFR00700]

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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. (C) 2011 Elsevier B.V. All rights reserved.

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