Inelastically scattering particles and wealth distribution in an open economy

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dc.creatorSlanina, Frantisek
dc.date2003-11-11
dc.date2003-12-17
dc.date.accessioned2026-07-07T12:06:51Z
dc.date.available2026-07-07T12:06:51Z
dc.descriptionUsing the analogy with inelastic granular gasses we introduce a model for wealth exchange in society. The dynamics is governed by a kinetic equation, which allows for self-similar solutions. The scaling function has a power-law tail, the exponent being given by a transcendental equation. In the limit of continuous trading, closed form of the wealth distribution is calculated analytically.
dc.description8 pages 5 figures
dc.identifierhttps://arxiv.org/abs/cond-mat/0311235
dc.identifierhttp://arxiv.org/abs/cond-mat/0311235
dc.identifierPhys. Rev. E 69, 046102 (2004)
dc.identifierdoi:10.1103/PhysRevE.69.046102
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/208774
dc.subjectStatistical Mechanics
dc.subjectDisordered Systems and Neural Networks
dc.subjectGeneral Finance
dc.titleInelastically scattering particles and wealth distribution in an open economy
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