DOIONLINE

DOIONLINE NO - IJASEAT-IRAJ-DOIONLINE-14796

Publish In
International Journal of Advances in Science, Engineering and Technology(IJASEAT)-IJASEAT
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Volume Issue
Issue
Volume-6, Issue-4, Spl. Iss-2  ( Dec, 2018 )
Paper Title
Budget Allocation as Random Redistribution
Author Name
Ding-Wei Huang
Affilition
Department of Physics, Chung Yuan Christian University, Chung-li, Taiwan
Pages
60-63
Abstract
We study the budget allocation of a funding agent. We analyse data from two different divisions of National Science Council in Taiwan. We show that both the distribution and the fluctuation can be described by a process of random redistribution. The emergence of power-law tail can be related to the strength of redistribution. As the redistribution weakened, the big-budget projects emerge more abundantly. The relevance of stochastic dynamics in a bottom-up peerreviewed process is discussed. Keywords - Econophysics, Monetary Distribution, Stochastic Process, Power-law Distribution..
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