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A Generalized Continuous Model for Random Markets


  • R. Lopez-Ruiz
  • E. Shivanian
  • S. Abbasbandy
  • J. L. Lopez


A generalized continuous economic model is proposed for random markets. In this model, agents interact by pairs and exchange their money in a random way. A parameter controls the effectiveness of the transactions between the agents. We show in a rigorous way that this type of markets reach their asymptotic equilibrium on the exponential wealth distribution.

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  • R. Lopez-Ruiz & E. Shivanian & S. Abbasbandy & J. L. Lopez, 2011. "A Generalized Continuous Model for Random Markets," Papers 1104.2187,, revised May 2011.
  • Handle: RePEc:arx:papers:1104.2187

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