dorsal/arxiv
View SchemaBasic kinetic wealth-exchange models: common features and open problems
| Authors | Marco Patriarca, Els Heinsalu, Anirban Chakraborti |
|---|---|
| Categories | |
| ArXiv ID | physics/0611245 |
| URL | https://arxiv.org/abs/physics/0611245 |
| License | http://arxiv.org/licenses/nonexclusive-distrib/1.0/ |
Abstract
We review the basic kinetic wealth-exchange models of Angle [J. Angle, Social Forces 65 (1986) 293; J. Math. Sociol. 26 (2002) 217], Bennati [E. Bennati, Rivista Internazionale di Scienze Economiche e Commerciali 35 (1988) 735], Chakraborti and Chakrabarti [A. Chakraborti, B. K. Chakrabarti, Eur. Phys. J. B 17 (2000) 167], and of Dragulescu and Yakovenko [A. Dragulescu, V. M. Yakovenko, Eur. Phys. J. B 17 (2000) 723]. Analytical fitting forms for the equilibrium wealth distributions are proposed. The influence of heterogeneity is investigated, the appearance of the fat tail in the wealth distribution and the relaxation to equilibrium are discussed. A unified reformulation of the models considered is suggested.
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"abstract": "We review the basic kinetic wealth-exchange models of Angle [J. Angle, Social\nForces 65 (1986) 293; J. Math. Sociol. 26 (2002) 217], Bennati [E. Bennati,\nRivista Internazionale di Scienze Economiche e Commerciali 35 (1988) 735],\nChakraborti and Chakrabarti [A. Chakraborti, B. K. Chakrabarti, Eur. Phys. J. B\n17 (2000) 167], and of Dragulescu and Yakovenko [A. Dragulescu, V. M.\nYakovenko, Eur. Phys. J. B 17 (2000) 723]. Analytical fitting forms for the\nequilibrium wealth distributions are proposed. The influence of heterogeneity\nis investigated, the appearance of the fat tail in the wealth distribution and\nthe relaxation to equilibrium are discussed. A unified reformulation of the\nmodels considered is suggested.",
"arxiv_id": "physics/0611245",
"authors": [
"Marco Patriarca",
"Els Heinsalu",
"Anirban Chakraborti"
],
"categories": [
"physics.soc-ph",
"q-fin.GN"
],
"license": "http://arxiv.org/licenses/nonexclusive-distrib/1.0/",
"title": "Basic kinetic wealth-exchange models: common features and open problems",
"url": "https://arxiv.org/abs/physics/0611245"
},
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