Continuum and thermodynamic limits for a wealth-distribution model

DOI10.1007/978-981-15-4806-2_5zbMATH Open1479.91259OpenAlexW3024726819MaRDI QIDQ2056449FDOQ2056449

Authors: Bertram Düring, Nicos Georgiou, Enrico Scalas, Sara Merino-Aceituno 

Publication date: 2 December 2021

Full work available at URL: https://doi.org/10.1007/978-981-15-4806-2_5

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zbMATH Keywords

stochastic processesMarkov chainswealth distributionkinetic equations

Mathematics Subject Classification ID

Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20) Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Boltzmann equations (35Q20) Stochastic models in economics (91B70)

Cited In (16)

• An \(H\) theorem for Boltzmann's equation for the yard-sale model of asset exchange. The Gini coefficient as an \(H\) functional
• Nonequilibrium statistical mechanics of money/energy exchange models
• From the binomial reshuffling model to Poisson distribution of money
• Study of A model for the distribution of wealth
• Entropy dissipation and propagation of chaos for the uniform reshuffling model
• Duality and stationary distributions of wealth distribution models
• The immediate exchange model: an analytical investigation
• Uncovering a Two-Phase Dynamics from a Dollar Exchange Model with Bank and Debt
• Rigorous proof of the Boltzmann-Gibbs distribution of money on connected graphs
• Derivation of wealth distributions from biased exchange of money
• Wealth distribution and collective knowledge: a Boltzmann approach
• Convergence to an exponential wealth distribution in a random market model
• Directed random market: the equilibrium distribution
• Continuum models in wealth distribution
• Continuum and thermodynamic limits for a simple random-exchange model
• Concentration effects in a kinetic model with wealth and knowledge exchanges

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