Pareto 1896: top wealth follows P(W > w) ~ w^{-α} with α ~ 1.5-2.5. Universal across countries / eras. Champernowne 1953 / Yakovenko 2009 Boltzmann-Gibbs+Pareto two-class.
Pareto 1896: top wealth follows P(W > w) ~ w^{-α} with α ~ 1.5-2.5. Universal across countries / eras. Champernowne 1953 / Yakovenko 2009 Boltzmann-Gibbs+Pareto two-class.