Stochastic Maps, Wealth Distribution in Random Asset Exchange Models and the Marginal Utility of Relative Wealth

DOI10.1238/Physica.Topical.106a00059zbMath1129.91314arXivcond-mat/0304324OpenAlexW2023090283MaRDI QIDQ4825221

Sitabhra Sinha

Publication date: 28 October 2004

Published in: Physica Scripta (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/cond-mat/0304324

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Utility theory for games (91A30)

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A simple probabilistic approach of the yard-sale model ⋮ Modelling trading networks and the role of trust ⋮ Inequality, a scourge of the XXI century ⋮ Yard-Sale exchange on networks: wealth sharing and wealth appropriation ⋮ World distribution of gross domestic product per-capita ⋮ Kinetic market models with single commodity having price fluctuations ⋮ Money creation process in a random redistribution model ⋮ Optimal risk in wealth exchange models: agent dynamics from a microscopic perspective

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