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Equilibrium distributions in gas-like economic models: an analytical derivation
econophysics economic models molecular dynamics
2010/10/22
A step by step procedure to derive analytically the exact steady state probability density function of well known kinetic wealth exchange economic models is shown. This gives as a result an integro-d...
Exponential wealth distribution in different discrete economic models
Exponential wealth distribution economic models
2010/10/21
Exponential distribution is ubiquitous in the framework of multi-agent systems. An alternative approach with an economic motivation to derive the exponential distribution in the framework of iteratio...
This paper presents a novel study on gas-like models for
economic systems. The interacting agents and the amount of exchanged
money at each trade are selected with different levels of randomness, fr...
That economic analysis is sometimes used selectively and prejudicially
to support positions motivated by self-interest or ideology is
hardly news to most scholars. The purpose of this paper is to de...