Kinetic exchange models for income and wealth distributions
A Chatterjee, BK Chakrabarti - The European Physical Journal B, 2007 - Springer
Increasingly, a huge amount of statistics have been gathered which clearly indicates that
income and wealth distributions in various countries or societies follow a robust pattern …
income and wealth distributions in various countries or societies follow a robust pattern …
Kinetic equations modelling wealth redistribution: a comparison of approaches
Kinetic equations modelling the redistribution of wealth in simple market economies is one
of the major topics in the field of econophysics. We present a unifying approach to the …
of the major topics in the field of econophysics. We present a unifying approach to the …
Hydrodynamics from kinetic models of conservative economies
In this paper, we introduce and discuss the passage to hydrodynamic equations for kinetic
models of conservative economies, in which the density of wealth depends on additional …
models of conservative economies, in which the density of wealth depends on additional …
A Boltzmann-type approach to the formation of wealth distribution curves
Kinetic market models have been proposed recently to account for the redistribution of
wealth in simple market economies. These models allow to develop a qualitative theory …
wealth in simple market economies. These models allow to develop a qualitative theory …
MicroVelocity: rethinking the Velocity of Money for digital currencies
We propose a novel framework to analyse the velocity of money in terms of the contribution
(MicroVelocity) of each individual agent, and to uncover the distributional determinants of …
(MicroVelocity) of each individual agent, and to uncover the distributional determinants of …
[HTML][HTML] Money creation and circulation in a credit economy
This paper presents a multi-agent model describing the main mechanisms of money
creation and money circulation in a credit economy. Our special attention is paid to the role …
creation and money circulation in a credit economy. Our special attention is paid to the role …
How required reserve ratio affects distribution and velocity of money
In this paper the dependence of wealth distribution and the velocity of money on the
required reserve ratio is examined based on a random transfer model of money and …
required reserve ratio is examined based on a random transfer model of money and …
International and domestic trading and wealth distribution
We introduce and discuss a kinetic model for wealth distribution in a simple market economy
which is built of a number of countries or social groups. Our approach is based on the model …
which is built of a number of countries or social groups. Our approach is based on the model …
Simulating the wealth distribution with a Richest-Following strategy on scale-free network
MB Hu, R Jiang, QS Wu, YH Wu - Physica A: Statistical Mechanics and its …, 2007 - Elsevier
In this paper, we investigate the wealth distribution with agents playing evolutionary games
on a scale-free social network adopting the Richest-Following strategy. Pareto's power-law …
on a scale-free social network adopting the Richest-Following strategy. Pareto's power-law …
A unified framework for the pareto law and Matthew effect using scale-free networks
MB Hu, WX Wang, R Jiang, QS Wu, BH Wang… - The European Physical …, 2006 - Springer
We investigate the accumulated wealth distribution by adopting evolutionary games taking
place on scale-free networks. The system self-organizes to a critical Pareto distribution …
place on scale-free networks. The system self-organizes to a critical Pareto distribution …