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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...