On a kinetic model for a simple market economy

DOI10.1007/s10955-005-5456-0zbMath1133.91474arXivmath/0412429WikidataQ60357598 ScholiaQ60357598MaRDI QIDQ2481421

Giuseppe Toscani, Lorenzo Pareschi, Stephane Cordier

Publication date: 9 April 2008

Published in: Journal of Statistical Physics (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/math/0412429

zbMATH Keywords

Boltzmann equation; Pareto distribution; econophysics; wealth and income distributions

Mathematics Subject Classification ID

91B80: Applications of statistical and quantum mechanics to economics (econophysics)

91B54: Special types of economic markets (including Cournot, Bertrand)

Related Items

Kinetic models with randomly perturbed binary collisions, Self-similarity and power-like tails in nonconservative kinetic models, Basic kinetic wealth-exchange models: common features and open problems, Mesoscopic modelling of financial markets, On the self-similar asymptotics for generalized nonlinear kinetic Maxwell models, On steady distributions of kinetic models of conservative economies, A kinetic approach to the study of opinion formation

Cites Work

• Scaling solutions of inelastic Boltzmann equations with over-populated high energy tails
• Modeling and computational methods for kinetic equations
• On some properties of kinetic and hydrodynamic equations for inelastic interactions.
• KINETICS MODELS OF INELASTIC GASES
• The Pareto-Levy Law and the Distribution of Income