Boltzmann legacy and wealth distribution
Statistical Mechanics
2010-05-28 v1 Physics and Society
General Finance
Abstract
We briefly review results on nonlinear kinetic equation of Boltzmann type which describe the evolution of wealth in a simple agents market. The mathematical structure of the underlying kinetic equations allows to use well-known techniques of wide use in kinetic theory of rarefied gases to obtain information on the process of relaxation to a stationary profile, as well as to identify simple interaction rules which are responsible of the formation of Pareto tails.
Cite
@article{arxiv.1005.5006,
title = {Boltzmann legacy and wealth distribution},
author = {Giuseppe Toscani},
journal= {arXiv preprint arXiv:1005.5006},
year = {2010}
}