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Application of the Deffuant model in money exchange

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  • Hsin-Lun Li

Abstract

A money transfer involves a buyer and a seller. A buyer buys goods or services from a seller. The money the buyer decreases is the same as that the seller increases. At each time step, a pair of socially connected agents are selected and transact in agreed money. We evolve the Deffuant model to a money exchange system and study circumstances under which asymptotic stability holds, or equal wealth can be achieved.

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  • Hsin-Lun Li, 2023. "Application of the Deffuant model in money exchange," Papers 2307.02512, arXiv.org.
    • Handle: RePEc:arx:papers:2307.02512
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    References listed on IDEAS

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    1. Miguel Molico, 2006. "The Distribution Of Money And Prices In Search Equilibrium," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 47(3), pages 701-722, August.
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    3. Adrian Dragulescu & Victor M. Yakovenko, 2000. "Statistical mechanics of money," Papers cond-mat/0001432, arXiv.org, revised Aug 2000.
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