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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 parameters, like the propensity to invest. As in kinetic theory of rarefied gases, the closure depends on the knowledge...
Persistent link: https://www.econbiz.de/10010266944
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 parameters, like the propensity to invest. As in kinetic theory of rarefied gases, the closure depends on the knowledge...
Persistent link: https://www.econbiz.de/10011057394
Microscopic simulations of plane Poiseuille flow for a dilute gas are presented. Although the flow is laminar (Reynolds number ≈10) and sub-sonic, the temperature and pressure profiles measured in the simulations differ qualitatively from the hydrodynamic predictions. The results are in...
Persistent link: https://www.econbiz.de/10011059884