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We analyze the convergence to equilibrium in a family of Kac-like kinetic equations in multiple space dimensions. These equations describe the change of the velocity distribution in a spatially homogeneous gas due to binary collisions…

Mathematical Physics · Physics 2011-05-13 Federico Bassetti , Daniel Matthes

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,…

Physics and Society · Physics 2020-09-15 Giuseppe Toscani , Andrea Tosin , Mattia Zanella

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…

Statistical Mechanics · Physics 2010-05-28 Giuseppe Toscani

We study spatially non-homogeneous kinetic models for vehicular traffic flow. Classical formulations, as for instance the BGK equation, lead to unconditionally unstable solutions in the congested regime of traffic. We address this issue by…

Physics and Society · Physics 2019-07-22 Michael Herty , Gabriella Puppo , Sebastiano Roncoroni , Giuseppe Visconti

We consider two classes of linear kinetic equations: with constant collision frequency and constant mean free path of gas molecules (i.e., frequency of molecular collisions, proportional to the modulus molecular velocity). Based homogeneous…

Mathematical Physics · Physics 2014-07-29 A. V. Latyshev , A. D. Kurilov

We propose a novel kinetic exchange model differing from previous ones in two main aspects. First, the basic dynamics is modified in order to represent economies where immediate wealth exchanges are carried out, instead of reshufflings or…

General Finance · Quantitative Finance 2015-05-07 Els Heinsalu , Marco Patriarca

In this paper we introduce and discuss kinetic equations for the evolution of the probability distribution of the number of particles in a population subject to binary interactions. The microscopic binary law of interaction is assumed to be…

Probability · Mathematics 2015-01-13 Federico Bassetti , Giuseppe Toscani

We consider a class of nonlinear, spatially inhomogeneous kinetic equations of BGK-type with density dependent collision rates. These equations share the same superlinearity as the Boltzmann equation, and fall into the class of run and…

Analysis of PDEs · Mathematics 2026-01-29 Josephine Evans , Daniel Morris , Havva Yoldaş

In this paper we introduce kinetic equations for the evolution of the probability distribution of two goods among a huge population of agents. The leading idea is to describe the trading of these goods by means of some fundamental rules in…

General Finance · Quantitative Finance 2015-06-11 G. Toscani , C. Brugna , S. Demichelis

A new kinetic theory Boltzmann-like collision term including correlations is proposed. In equilibrium it yields the one-particle distribution function in the form of a generalised-Lorentzian resembling but not being identical with the…

Plasma Physics · Physics 2009-10-31 R. A. Treumann

We study a class of one-dimensional particle systems with true (Bird type) binary interactions, which includes Kac's model of the Boltzmann equation and nonlinear equations for the evolution of wealth distribution arising in kinetic…

Probability · Mathematics 2016-05-05 Roberto Cortez , Joaquin Fontbona

We develop a kinetic-theory framework to investigate the steady rheology of a dilute gas interacting via a repulsive potential under uniform shear flow. Starting from the Boltzmann equation with a restitution coefficient that depends on the…

Soft Condensed Matter · Physics 2026-04-23 Yuria Kobayashi , Makoto R. Kikuchi , Shunsuke Iizuka , Satoshi Takada

We address the problem of the so-called ``granular gases'', i.e. gases of massive particles in rapid movement undergoing inelastic collisions. We introduce a class of models of driven granular gases for which the stationary state is the…

Statistical Mechanics · Physics 2009-10-31 A. Puglisi , V. Loreto , U. Marini Bettolo Marconi , A. Vulpiani

A kinetic model for granular mixtures is considered to study three different non-equilibrium situations. The model is based on the equivalence between a gas of elastic hard spheres subjected to a drag force proportional to the particle…

Soft Condensed Matter · Physics 2025-02-27 Pablo Avilés , David González Méndez , Vicente Garzó

Kinetically-constrained models are lattice-gas models that are used for describing glassy systems. By construction, their equilibrium state is trivial and there are no equal-time correlations between the occupancy of different sites. We…

Statistical Mechanics · Physics 2017-03-01 Eial Teomy , Yair Shokef

Linear stochastic models and discretized kinetic theory are two complementary analytical techniques used for the investigation of complex systems of economic interactions. The former employ Langevin equations, with an emphasis on stock…

General Finance · Quantitative Finance 2017-02-10 M. L. Bertotti , A. K. Chattopadhyay , G. Modanese

In this paper we consider the stochastic dynamics of a finite system of particles in a finite volume (Kac-like particle system) which annihilate with probability $\alpha \in (0,1)$ or collide elastically with probability $1-\alpha$. We…

Mathematical Physics · Physics 2020-03-18 Bertrand Lods , Alessia Nota , Federica Pezzotti

We study a minimalist kinetic model for economies. A system of agents with local trading rules display emergent demand behaviour. We examine the resulting wealth distribution to look for non-thermal behaviour. We compare and contrast this…

General Finance · Quantitative Finance 2008-12-02 Wan Ahmad Tajuddin Wan Abdullah , Sidiq Mohamad Khidzir

A new type of kinetic models with non-instantaneous binary collisions is considered. Collisions are described by a transport process in the joint state space of a pair of particles. The interactions are of alignment type, where the states…

Analysis of PDEs · Mathematics 2023-05-22 Laura Kanzler , Christian Schmeiser , Veronica Tora

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…

Physics and Society · Physics 2014-08-07 Sanchari Goswami , Anirban Chakraborti
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