Pareto Law in a Kinetic Model of Market with Random Saving Propensity
We have numerically simulated the ideal-gas models of trading markets, where each agent is identified with a gas molecule and each trading as an elastic or money-conserving two-body collision. Unlike in the ideal gas, we introduce (quenched) saving propensity of the agents, distributed widely between the agents ($0 \le \lambda
|Date of creation:||Jan 2003|
|Date of revision:||Jan 2004|
|Publication status:||Published in Physica A v.335 (2004) p.155-163|
|Contact details of provider:|| Web page: http://arxiv.org/|
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