Abstract
The distribution of money for several countries is analyzed according to the Bolztmann-Gibbs distribution with explicit consideration of the degeneracy of states. At high values of money the experimental data are systematically larger than the values corresponding to the BG statistics. The use of Tsallis non extensive statistics results in a good fit in the whole range of income values, converging to Paretos law in the high money limit and indicating the fractal nature of the distribution. In some cases, the distribution has two or more components, which, according to model calculations, arise from the different degeneracy of each ensemble. Criteria to determine whether this situation corresponds to equilibrium are analysed.
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Ferrero, J.C. (2005). The Monomodal, Polymodal, Equilibrium and Nonequilibrium Distribution of Money. In: Chatterjee, A., Yarlagadda, S., Chakrabarti, B.K. (eds) Econophysics of Wealth Distributions. New Economic Windows. Springer, Milano. https://doi.org/10.1007/88-470-0389-X_16
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DOI: https://doi.org/10.1007/88-470-0389-X_16
Publisher Name: Springer, Milano
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