Exponential wealth distribution in a random market. A rigorous explanation
General Finance
2011-05-23 v3 Multiagent Systems
Adaptation and Self-Organizing Systems
Abstract
In simulations of some economic gas-like models, the asymptotic regime shows an exponential wealth distribution, independently of the initial wealth distribution given to the system. The appearance of this statistical equilibrium for this type of gas-like models is explained in a rigorous analytical way.
Keywords
Cite
@article{arxiv.1103.5703,
title = {Exponential wealth distribution in a random market. A rigorous explanation},
author = {Jose-Luis Lopez and Ricardo Lopez-Ruiz and Xavier Calbet},
journal= {arXiv preprint arXiv:1103.5703},
year = {2011}
}
Comments
9 pages, 4 figures