Location of Repository

Exponential wealth distribution in a random market. A rigorous explanation

By Jose-Luis Lopez, Ricardo Lopez-Ruiz and Xavier Calbet

Abstract

In simulations of some economic gas-like models, the asymptotic regime shows an exponential wealth distribution, independently of the initial wealth distribution given to the system. The appearance of this statistical equilibrium for this type of gas-like models is explained in a rigorous analytical way.

OAI identifier: oai:RePEc:arx:papers:1103.5703
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://arxiv.org/pdf/1103.5703 (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.