Generalized immediate exchange models and their symmetries

DOI10.1016/J.SPA.2017.02.005zbMATH Open1422.91579arXiv1606.08692OpenAlexW4298033900MaRDI QIDQ2403705FDOQ2403705

Authors: F. Redig, Federico Sau 

Publication date: 11 September 2017

Published in: Stochastic Processes and their Applications (Search for Journal in Brave)

Abstract: We reconsider the immediate exchange model and define a more general class of models where mass is split, exchanged and merged. We relate the splitting process to the symmetric inclusion process via thermalization and from that obtain symmetries and self-duality of the generalized IEM model. We show that analogous properties hold for models were the splitting is related to the symmetric exclusion process or to independent random walkers.

Full work available at URL: https://arxiv.org/abs/1606.08692

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zbMATH Keywords

symmetriesthermalizationself-dualitysymmetric inclusion processimmediate exchange models

Mathematics Subject Classification ID

Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Interacting particle systems in time-dependent statistical mechanics (82C22) Welfare economics (91B15) Heterogeneous agent models (91B69)

Cites Work

• Duality and hidden symmetries in interacting particle systems
• Dualities in population genetics: a fresh look with new dualities
• Duality and stationary distributions of the ``immediate exchange model and its generalizations
• Duality for stochastic models of transport
• Duality and stationary distributions of wealth distribution models
• Kinetic models of immediate exchange
• Correlation inequalities for interacting particle systems with duality

Cited In (7)

• Duality and stationary distributions of the ``immediate exchange model and its generalizations
• Quantitative Boltzmann-Gibbs principles via orthogonal polynomial duality
• Integrable heat conduction model
• Self-duality of Markov processes and intertwining functions
• Mixing of the averaging process and its discrete dual on finite-dimensional geometries
• Factorized duality, stationary product measures and generating functions
• On a class of solvable stationary non equilibrium states for mass exchange models

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