Dynamics of money and income distributions

We study the model of interacting agents proposed by Chakraborti and Chakrabarti [Eur. Phys. J. B 17 (2000) 167] that allows agents to both save and exchange wealth. Closed equations for the wealth distribution are developed using a mean field approximation.

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Year of publication:	2005
Authors:	Repetowicz, Przemysław ; Hutzler, Stefan ; Richmond, Peter
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 356.2005, 2, p. 641-654
Publisher:	Elsevier
Subject:	Elastic and inelastic scattering \| Kinetic theory \| Classical statistical mechanics \| Probability theory \| Stochastic processes and statistics \| Dynamics of social systems \| Environmental studies

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011064201