Effects of Saving and Spending Patterns on Holding Time Distribution
The effects of saving and spending patterns on holding time distribution of money are investigated based on the ideal gas-like models. We show the steady-state distribution obeys an exponential law when the saving factor is set uniformly, and a power law when the saving factor is set diversely. The power distribution can also be obtained by proposing a new model where the preferential spending behavior is considered. The association of the distribution with the probability of money to be exchanged has also been discussed.
|Date of creation:||Jul 2005|
|Date of revision:|
|Publication status:||Published in the European Physical Journal B, 36(1), 149(2003)|
|Contact details of provider:|| Web page: http://arxiv.org/|
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