Microeconomics of the ideal gas like market models

被引:43
作者
Chakrabarti, Anindya S. [1 ]
Chakrabarti, Bikas K. [1 ,2 ,3 ]
机构
[1] Indian Stat Inst, Econ Res Unit, Kolkata 700018, India
[2] Saha Inst Nucl Phys, Theoret Condensed Matter Phys Div, Kolkata 700064, W Bengal, India
[3] Saha Inst Nucl Phys, Ctr Appl Math & Computat Sci, Kolkata 700064, W Bengal, India
关键词
Economics; Econophysics financial markets; business and management; Stochastic processes; Distribution theory and Monte Carlo studies; Kinetic theory; WEALTH DISTRIBUTIONS; SAVING PROPENSITY; EXCHANGE MODELS; INCOME; MONEY;
D O I
10.1016/j.physa.2009.06.038
中图分类号
O4 [物理学];
学科分类号
0702 ;
摘要
We develop a framework based on microeconomic theory from which the ideal gas like market models call be addressed. A kinetic exchange model based on that framework is proposed and its distributional features have been Studied by considering its moments. Next, we derive the moments of the CC model (Eur. Phys. J. B 17 (2000) 167) as well. Some precise Solutions are obtained which conform with the solutions obtained earlier. Finally, an output market is introduced With global price determination in the model with some necessary modifications. (C) 2009 Elsevier B.V. All rights reserved.
引用
收藏
页码:4151 / 4158
页数:8
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