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Relaxation in the wealth exchange models

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  • Kar Gupta, Abhijit

Abstract

We examine the concept of relaxation in the wealth exchange models that are recently proposed in econophysics to interpret wealth distributions. To quantify and characterize the process of relaxation, we define an appropriate quantity and evaluate that numerically for the systems of many agents. Also, heuristic arguments are provided in support of some numerical results.

Suggested Citation

  • Kar Gupta, Abhijit, 2008. "Relaxation in the wealth exchange models," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(27), pages 6819-6824.
  • Handle: RePEc:eee:phsmap:v:387:y:2008:i:27:p:6819-6824
    DOI: 10.1016/j.physa.2008.09.003
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