Ideal Gas-Like Distributions in Economics: Effects of Saving Propensity
Ideal Gas-Like Distributions in Economics: Effects of Saving Propensity
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经济学中的理想类气体分布:储蓄倾向的影响
DOI:
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发表时间:
2003
期刊:
影响因子:
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通讯作者:
Arnab Chatterjee
中科院分区:
文献类型:
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作者:
B. Chakrabarti;Arnab Chatterjee
We consider 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 saving propensity $lambda$ of agents, such that each agent saves a fraction $lambda$ of its money and trades with the rest. We show the steady-state money or wealth distribution in a market is Gibbs-like for $lambda=0$, has got a non-vanishing most-probable value for $lambda
e 0$ and Pareto-like when $lambda$ is widely distributed among the agents. We compare these results with observations on wealth distributions of various countries.