Related papers: Boltzmann legacy and wealth distribution
In this article, we briefly review the different aspects and applications of kinetic exchange models in economics and sociology. Our main aim is to show in what manner the kinetic exchange models for closed economic systems were inspired by…
In the paper, we study the plane Couette flow of a rarefied gas between two parallel infinite plates at $y=\pm L$ moving relative to each other with opposite velocities $(\pm \alpha L,0,0)$ along the $x$-direction. Assuming that the…
Unlike the classical kinetic theory of rarefied gases, where microscopic interactions among gas molecules are described as binary collisions, the modelling of socio-economic phenomena in a multi-agent system naturally requires to consider,…
We present a kinetic approach to the formation of urban agglomerations which is based on simple rules of immigration and emigration. In most cases, the Boltzmann-type kinetic description allows to obtain, within an asymptotic procedure, a…
We investigate the effect of applying nonlinear redistributive taxes to the yard-sale dynamics of assets. An amount of money is collected from each individual (tax) and distributed back equally. We consider (i) a piecewise linear tax,…
Combining analytical and numerical methods, we study within the framework of the homogeneous non-linear Boltzmann equation, a broad class of models relevant for the dynamics of dissipative fluids, including granular gases. We use the new…
We study a stochastic multiplicative system composed of finite asynchronous elements to describe the wealth evolution in financial markets. We find that the wealth fluctuations or returns of this system can be described by a walk with…
The kinetic exchange model has gained popularity in the field of statistical mechanics for investigating wealth interaction. Traditionally, kinetic exchange models have been studied without considering preferential interactions. However, in…
We provide an exact solution to the ideal-gas-like models studied in econophysics to understand the microscopic origin of Pareto-law. In these class of models the key ingredient necessary for having a self-organized scale-free steady-state…
We study an agent-based model of evolution of wealth distribution in a macro-economic system. The evolution is driven by multiplicative stochastic fluctuations governed by the law of proportionate growth and interactions between agents. We…
The lattice Boltzmann equation describes the evolution of the velocity distribution function on a lattice in a manner that macroscopic fluid dynamical behavior is recovered. Although the equation is a derivative of lattice gas automata, it…
We explain how the kinetic theory of L. Boltzmann is applied to weakly nonlinear wave equations.
The Boltzmann kinetic equation is obtained from an integro-differential master equation that describes a stochastic dynamics in phase space of an isolated thermodynamic system. The stochastic evolution yields a generation of entropy,…
The purpose of this paper is to study the properties of kinetic models for traffic flow described by a Boltzmann-type approach and based on a continuous space of microscopic velocities. In our models, the particular structure of the…
In the manuscript, we are interested in using kinetic theory to better understand the time evolution of wealth distribution and their large scale behavior such as the evolution of inequality (e.g. Gini index). We investigate three type of…
The Lorentz gas is one of the simplest, most widely used models to study the transport properties of rarified gases in matter. It describes the dynamics of a cloud of non-interacting point particles in an infinite array of fixed spherical…
This paper reviews recent attempts at modelling inequality of wealth as an emergent phenomenon of interacting-agent processes. We point out that recent models of wealth condensation which draw their inspiration from molecular dynamics have,…
In this paper we introduce a simple model for a financial market characterized by a single stock or good and an interplay between two different traders populations, chartists and fundamentalists, which determine the price dynamic of the…
The simulation of rarefied gas flow based on the Boltzmann equation is challenging, especially when the gas mixtures have disparate molecular masses. In this paper, a computationally tractable kinetic model is proposed for monatomic gas…
In the complete system of equations of evolution of the classical system of charges and the electromagnetic field generated by them, the field variables are excluded. An exact closed relativistic non-Hamiltonian system of nonlocal kinetic…