Effects of Saving and Spending Patterns on Holding Time Distribution
Physics and Society
2009-11-11 v1 Statistical Mechanics
General Finance
Abstract
The effects of saving and spending patterns on holding time distribution of money are investigated based on the ideal gas-like models. We show the steady-state distribution obeys an exponential law when the saving factor is set uniformly, and a power law when the saving factor is set diversely. The power distribution can also be obtained by proposing a new model where the preferential spending behavior is considered. The association of the distribution with the probability of money to be exchanged has also been discussed.
Cite
@article{arxiv.physics/0507149,
title = {Effects of Saving and Spending Patterns on Holding Time Distribution},
author = {Ning Ding and Ning Xi and Yougui Wang},
journal= {arXiv preprint arXiv:physics/0507149},
year = {2009}
}
Comments
9 pages, 6 figures