Kinetic models of immediate exchange
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Publication:6176905
DOI10.1140/epjb/e2014-50270-6zbMath1515.91103arXiv1505.01274OpenAlexW1990978465MaRDI QIDQ6176905
Publication date: 26 July 2023
Published in: The European Physical Journal B. Condensed Matter and Complex Systems (Search for Journal in Brave)
Full work available at URL: https://arxiv.org/abs/1505.01274
Macroeconomic theory (monetary models, models of taxation) (91B64) Financial applications of other theories (91G80)
Related Items (11)
Duality and stationary distributions of the ``immediate exchange model and its generalizations ⋮ From a stochastic model of economic exchange to measures of inequality ⋮ Generalized immediate exchange models and their symmetries ⋮ Rigorous proof of the Boltzmann-Gibbs distribution of money on connected graphs ⋮ Uncovering a Two-Phase Dynamics from a Dollar Exchange Model with Bank and Debt ⋮ Derivation of wealth distributions from biased exchange of money ⋮ Entropy dissipation and propagation of chaos for the uniform reshuffling model ⋮ The immediate exchange model: an analytical investigation ⋮ Explicit decay rate for the Gini index in the repeated averaging model ⋮ Rigorous results for the distribution of money on connected graphs ⋮ Rigorous results for the distribution of money on connected graphs (models with debts)
Cites Work
- Basic kinetic wealth-exchange models: common features and open problems
- Emergence of product differentiation from consumer heterogeneity and asymmetric information
- Relaxation in statistical many-agent economy models
- Firm competition in a probabilistic framework of consumer choice
- Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States
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