Nonequilibrium statistical mechanics of money/energy exchange models

DOI10.1088/1751-8121/AD369BzbMATH Open1544.91234MaRDI QIDQ6561823FDOQ6561823

Authors: Maggie Miao, Dmitrii E. Makarov, Kristian Blom 

Publication date: 25 June 2024

Published in: Journal of Physics A: Mathematical and Theoretical (Search for Journal in Brave)

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zbMATH Keywords

econophysicsPareto lawtransition paths

Mathematics Subject Classification ID

Applications of game theory (91A80) Applications of statistical and quantum mechanics to economics (econophysics) (91B80)

Cites Work

• Markov Chains
• Information Theory and Statistical Mechanics
• Rigorous proof of the Boltzmann-Gibbs distribution of money on connected graphs
• Nonequilibrium statistical mechanics
• Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States
• On 1/ f noise and other distributions with long tails
• Finite-size effect and the components of multifractality in financial volatility
• Conditional proof of the Boltzmann-Sinai ergodic hypothesis
• Proof of the Boltzmann-Sinai ergodic hypothesis for typical hard disk systems
• Rigorous results for the distribution of money on connected graphs
• Reversibility and stochastic networks. With a new preface
• A trade-investment model for distribution of wealth
• Rigorous results for the distribution of money on connected graphs (models with debts)
• Derivation of wealth distributions from biased exchange of money
• Zur Theorie der Markoffschen Ketten.

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