title: Quantitative description of realistic wealth distributions by kinetic trading models.
abstract: Data on wealth distributions in trading markets show a power law behavior x(-)(1+alpha) at the high end, where, in general, alpha is greater than 1 (Pareto's law). Models based on kinetic theory, where a set of interacting agents trade money, yield power law tails if agents are assigned a saving propensity. In this paper we are solving the inverse problem, that is, in finding the saving propensity distribution which yields a given wealth distribution for all wealth ranges. This is done explicitly for two recently published and comprehensive wealth datasets.
authors.affiliation: Universidad de los Andes, Bogotá, Colombia, CeiBA-Complejidad.
authors.forename: Nelson
authors.initials: N
authors.lastname: Lammoglia
authors.forename: Víctor
authors.initials: V
authors.lastname: Muñoz
authors.forename: José
authors.initials: J
authors.lastname: Rogan
authors.forename: Benjamín
authors.initials: B
authors.lastname: Toledo
authors.forename: Roberto
authors.initials: R
authors.lastname: Zarama
authors.forename: Juan Alejandro
authors.initials: JA
authors.lastname: Valdivia