MODELING WEALTH DISTRIBUTION FOR 100 REACHEST PEOPLE IN SOUTH-EASTERN EUROPE

被引:0
|
作者
Minovic, Jelena [1 ]
Minovic, Miroslav [2 ]
Milovanovic, Milos [2 ]
机构
[1] Union Univ, Belgrade Banking Acad, Fac Banking Insurance & Finance, Zmaj Jovina 12, Belgrade 11000, Serbia
[2] Univ Belgrade, Fac Org Sci, Belgrade 1100007, Serbia
关键词
wealth distribution; power-law; Generalized Lotka-Volterra model; numerical simulation;
D O I
暂无
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
This paper presents modeling of wealth for 100 richest people in South-Eastern Europe using data from article Vprost monthly. For modeling we applied generalized Lotka-Volterra (GLV) model. This paper initially provides theoretical background of this model, following presentation results of numerical simulation of generalized Lotka-Volterra (GLV) model. In addition, we developed software for numerical simulation using programming language C#. In our work we tried to determine that GLV model is financial market model which reflect power law (Pareto) for probability distribution of wealth very well. Thus, we find that wealth for 100 richest people in South-Eastern Europe is distributed according to Pareto distribution.
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页码:545 / +
页数:2
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