Distributions of money in model markets of economy

被引:91
作者
Chakraborti, A [1 ]
机构
[1] Saha Inst Nucl Phys, Kolkata 700064, India
来源
INTERNATIONAL JOURNAL OF MODERN PHYSICS C | 2002年 / 13卷 / 10期
关键词
econophysics; simulation; market; power-law;
D O I
10.1142/S0129183102003905
中图分类号
TP39 [计算机的应用];
学科分类号
081203 ; 0835 ;
摘要
We study the distributions of money in a simple closed economic system for different types of monetary transactions. We know that for arbitrary and random sharing with locally conserving money transactions, the money distribution goes to the Gibb's distribution of statistical mechanics. We then consider the effects of savings, etc. and see how the distribution changes. We also propose a new model where the agents invest equal amounts of money in each transaction. We find that for short time-period, the money distribution obeys a power-law with an exponent very close to unity, and has an exponential tall; after a very long time, this distribution collapses and the entire amount of money goes to a tiny fraction of the population.
引用
收藏
页码:1315 / 1321
页数:7
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