From a stochastic model of economic exchange to measures of inequality

DOI10.1016/J.PHYSA.2020.125047OpenAlexW3049745297MaRDI QIDQ2141869

R. A. Serota, M. Dashti. Moghaddam, Jeffrey A. Mills

Publication date: 25 May 2022

Published in: Physica A (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.physa.2020.125047

zbMATH Keywords

Ginigeneralized beta primeHoover (Pietra, Schultz)stochastic model of economic exchangeTheil

Mathematics Subject Classification ID

Statistical mechanics, structure of matter (82-XX)

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Cites Work

• Basic kinetic wealth-exchange models: common features and open problems
• A generalization of the beta distribution with applications
• Distribution of wealth in a network model of the economy
• ARCH models as diffusion approximations
• Some Generalized Functions for the Size Distribution of Income
• Probability distribution of returns in the Heston model with stochastic volatility*
• A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options
• Volatility driven market in a generalized Lotka-Volterra formalism
• Kinetic models of immediate exchange

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