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The "Money Exchange Model" is a type of agent-based simulation model used to study how wealth distribution and inequality evolve through monetary exchanges between individuals. The primary focus of this model is to identify the limiting…

Probability · Mathematics 2025-01-07 Hironobu Sakagawa

Many studies in Economics and other disciplines have been reporting distributions following power-law behavior (i.e distributions of incomes (Pareto's law), city sizes (Zipf's law), frequencies of words in long sequences of text etc.)[1, 6,…

Mathematical Physics · Physics 2008-12-10 Francesco Vallone

We study communities emerging from generalised random Lotka--Volterra dynamics with a large number of species with interactions determined by the degree of niche overlap. Each species is endowed with a number of traits, and competition…

Populations and Evolution · Quantitative Biology 2023-11-30 Enrique Rozas Garcia , Mark J. Crumpton , Tobias Galla

The dynamics of urban systems can be understood from an evolutionary perspective, in some sense extending biological and cultural evolution. Models for systems of cities implementing elementary evolutionary processes remain however to be…

Physics and Society · Physics 2020-05-01 Juste Raimbault

We present a proof of the monotonic entropy growth for a nonlinear discrete-time model of a random market. This model, based on binary collisions, also may be viewed as a particular case of Ulam's redistribution of energy problem. We…

Statistical Mechanics · Physics 2013-03-14 S. M. Apenko

In this work, we consider a system of differential equations modeling the dynamics of some populations of preys and predators, moving in space according to rapidly oscillating time-dependent transport terms, and interacting with each other…

Analysis of PDEs · Mathematics 2015-12-08 Francois Castella , Philippe Chartier , Julie Sauzeau

We are interested in the long time behavior of a two-type density-dependent biological population conditioned to non-extinction, in both cases of competition or weak cooperation between the two species. This population is described by a…

Probability · Mathematics 2008-11-04 Patrick Cattiaux , Sylvie Méléard

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…

Physics and Society · Physics 2019-11-22 Zdzislaw Burda , Pawel Wojcieszak , Konrad Zuchniak

An equation for the evolution of the distribution of wealth in a population of economic agents making binary transactions with a constant total amount of "money" has recently been proposed by one of us (RLR). This equation takes the form of…

Adaptation and Self-Organizing Systems · Physics 2014-07-29 Yves Pomeau , Ricardo Lopez-Ruiz

This paper is concerned with reaction-diffusion systems of two symmetric species in spatial dimension one, having two stable symmetric equilibria connected by a symmetric standing front. The first order variation of the speed of this front…

Analysis of PDEs · Mathematics 2017-03-08 Emmanuel Risler

Stochastic reaction-diffusion models are employed to represent many complex physical, biological, societal, and ecological systems. The macroscopic reaction rates describing the large-scale kinetics in such systems are effective,…

Biological Physics · Physics 2024-07-22 Mohamed Swailem , Uwe C. Täuber

In sustained growth with random dynamics stationary distributions can exist without detailed balance. This suggests thermodynamical behavior in fast growing complex systems. In order to model such phenomena we apply both a discrete and a…

Statistical Mechanics · Physics 2017-03-22 Tamás Biró , Zoltán Néda

We use dynamical generating functionals to study the stability and size of communities evolving in Lotka-Volterra systems with random interaction coefficients. The size of the eco-system is not set from the beginning. Instead, we start from…

Populations and Evolution · Quantitative Biology 2018-10-17 Tobias Galla

A class of conserved models of wealth distributions are studied where wealth (or money) is assumed to be exchanged between a pair of agents in a population like the elastically colliding molecules of a gas exchanging energy. All sorts of…

Physics and Society · Physics 2008-12-02 Abhijit Kar Gupta

Universality in the behavior of complex systems often reveals itself in the form of scale-invariant distributions that are essentially independent of the details of the microscopic dynamics. A representative paradigm of complex behavior in…

Statistical Mechanics · Physics 2007-05-23 G. Malescio , N. V. Dokholyan , S. V. Buldyrev , H. Eugene Stanley

To understand the spreading and interaction of prey and predator, in this paper we study the dynamics of the diffusive Lotka-Volterra type prey-predator model with different free boundaries. These two free boundaries, which may intersect…

Analysis of PDEs · Mathematics 2017-10-02 Mingxin Wang , Yang Zhang

A microscopic approach to macroeconomic features is intended. A model for macroeconomic behavior under heterogeneous spatial economic conditions is reviewed. A birth-death lattice gas model taking into account the influence of an economic…

Statistical Mechanics · Physics 2009-11-10 Marcel Ausloos , Paulette Clippe , Janusz Miśkiewicz , Andrzej Pekalski

The statistical mechanics approach to wealth distribution is based on the conservative kinetic multi-agent model for money exchange, where the local interaction rule between the agents is analogous to the elastic particle scattering…

General Finance · Quantitative Finance 2016-06-16 M. Andrecut

This paper is devoted to the study of propagation phenomena for a Lotka-Volterra reaction-advection-diffusion competition model in a periodic habitat. We first investigate the global attractivity of a semi-trival steady state for the…

Analysis of PDEs · Mathematics 2014-10-20 Xiao Yu , Xiao-Qiang Zhao

We investigate the outcome of generalised Lotka-Volterra dynamics of ecological communities with random interaction coefficients and non-linear feedback. We show in simulations that the saturation of non-linear feedback stabilises the…

Populations and Evolution · Quantitative Biology 2020-03-27 Laura Sidhom , Tobias Galla