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Boltzmann legacy and wealth distribution

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  • Giuseppe Toscani

Abstract

We briefly review results on nonlinear kinetic equation of Boltzmann type which describe the evolution of wealth in a simple agents market. The mathematical structure of the underlying kinetic equations allows to use well-known techniques of wide use in kinetic theory of rarefied gases to obtain information on the process of relaxation to a stationary profile, as well as to identify simple interaction rules which are responsible of the formation of Pareto tails.

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  • Giuseppe Toscani, 2010. "Boltzmann legacy and wealth distribution," Papers 1005.5006, arXiv.org.
    • Handle: RePEc:arx:papers:1005.5006
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