On a kinetic model for a simple market economy - Archive ouverte HAL Accéder directement au contenu
Pré-Publication, Document De Travail Année : 2004

On a kinetic model for a simple market economy

Résumé

In this paper, we consider a simple kinetic model of economy involving both exchanges between agents and speculative trading. We show that the kinetic model admits non trivial quasi-stationary states with power law tails of Pareto type. In order to do this we consider a suitable asymptotic limit of the model yielding a Fokker-Planck equation for the distribution of wealth among individuals. For this equation the stationary state can be easily derived and shows a Pareto power law tail. Numerical results confirm the previous analysis.
Fichier principal
Vignette du fichier
kinfinance.pdf (208.58 Ko) Télécharger le fichier
Loading...

Dates et versions

hal-00003648 , version 1 (21-12-2004)

Identifiants

Citer

Stéphane Cordier, Lorenzo Pareschi, Giuseppe Toscani. On a kinetic model for a simple market economy. 2004. ⟨hal-00003648⟩
213 Consultations
564 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More