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https://doi.org/10.1007/978-0-387-30440-3_169

has been cited by the following article:

• TITLE: Pareto Distribution of Wealth Based on Overlapping Generation Model

  AUTHORS: Ryo Nagata

  KEYWORDS: Pareto Distribution of Wealth, Overlapping Generation Model, Cobb-Douglas Utility Function, Steady State Price Equilibrium

  JOURNAL NAME: Theoretical Economics Letters, Vol.8 No.11, August 16, 2018

  ABSTRACT: In this paper, we shed light on the Pareto distribution of wealth on the basis of an overlapping generation model. We deduce in the model that the basic reason for a particular shape of Pareto distribution is attributed to the distribution of utility function among consumers. More specifically, we show that a formula relating the distribution of utility function to the distribution of wealth is analytically obtainable on the basis of the Cobb-Douglas utility function. By simulation, we recognize that the formula actually gives us a well approximation of a Pareto distribution.