4 citations · 8 across the 3 of their papers we have counts for
6 papers
Modelling income, wealth, and expenditure data by use of Econophysics
Elvis Oltean
In the present paper, we identify several distributions from Physics and study their applicability to phenomena such as distribution of income, wealth, and expenditure. Firstly, we…
A polynomial distribution applied to income and wealth distribution
Elvis Oltean, Fedor Kusmartsev
Income and wealth distribution affect stability of a society to a large extent and high inequality affects it negatively. Moreover, in the case of developed countries, recently has…
A statistical physics analysis of expenditure in the UK
Elvis Oltean, Fedor Kusmartsev
Most papers which explored so far macroeconomic variables took into account income and wealth. Equally important as the previous macroeconomic variables is the expenditure or consu…
An econophysical approach of polynomial distribution applied to income and expenditure
Elvis Oltean
Polynomial distribution can be applied to dynamical systems in certain situations. Macroeconomic systems characterized by economic variables such as income and wealth can be modell…
Applications of statistical physics distributions to several types of income
Elvis Oltean, Fedor V. Kusmartsev
This paper explores several types of income which have not been explored so far by authors who tackled income and wealth distribution using Statistical Physics. The main types of i…
A study of Methods from Statistical Mechanics applied to income distribution
Elvis Oltean, Fedor Kusmartsev
We applied Dirac distribution, Bose-Einstein distribution, and occasionally Boltzmann-Gibbs distribution in order to determine which is optimal for income distribution on a large p…