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Money Exchange Model and a general Outlook

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  • Abhijit Kar Gupta
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    Abstract

    The Kinetic Gas Theory like two-agent money exchange models, recently introduced in the Econophysics of Wealth distributions, are revisited. The emergence of Boltzmann-Gibbs like distribution of individual money to Pareto's law in the tail of the distribution is examined in terms of 2x2 Transition matrix with a general and simple oulook. Some additional interesting results are also reported.

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    File URL: http://arxiv.org/pdf/physics/0505115
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    Bibliographic Info

    Paper provided by arXiv.org in its series Papers with number physics/0505115.

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    Date of creation: May 2005
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    Handle: RePEc:arx:papers:physics/0505115

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    Web page: http://arxiv.org/

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    Cited by:
    1. Lavička, H. & Lin, L. & Novotný, J., 2010. "Employment, Production and Consumption model: Patterns of phase transitions," Physica A: Statistical Mechanics and its Applications, Elsevier, Elsevier, vol. 389(8), pages 1708-1720.

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