Inelastically scattering particles and wealth distribution in an open economy
arXiv:cond-mat/0311235 · doi:10.1103/PhysRevE.69.046102
Abstract
Using the analogy with inelastic granular gasses we introduce a model for wealth exchange in society. The dynamics is governed by a kinetic equation, which allows for self-similar solutions. The scaling function has a power-law tail, the exponent being given by a transcendental equation. In the limit of continuous trading, closed form of the wealth distribution is calculated analytically.
8 pages 5 figures
References in corpus (4)
Cited by in corpus (55)
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