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Income Distribution in the Boltzmann-Pareto Framework

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Econophysics of Wealth Distributions

Part of the book series: New Economic Windows ((NEW))

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Abstract

The physical concept of entropy is used to develop a model of entropy distribution of income. The Pareto model is compared with the Boltzmann model and their implications are analysed in income distribution. Expenditure data of India and Sri Lanka are used to verify the workability of the Pareto Law.

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References

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Author information

Authors and Affiliations

  1. Department of Economics, University of Kalyani, Kalyani, 741235, India

    Dipti Prakas Pal

  2. Department of Physics, Indian Institute of Technology, Mumbai, 400076, India

    Hridis Kr. Pal

Authors
  1. Dipti Prakas Pal
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  2. Hridis Kr. Pal
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Editor information

Editors and Affiliations

  1. Theoretical Condensed Matter Physics Division and Centre for Applied Mathematics and Computational Science, Saha Institute of Nuclear Physics, Kolkata, India

    Arnab Chatterjee , Sudhakar Yarlagadda  & Bikas K Chakrabarti ,  & 

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© 2005 Springer-Verlag Italia

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Pal, D.P., Pal, H.K. (2005). Income Distribution in the Boltzmann-Pareto Framework. 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_25

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