Abhijit Kar Gupta. Money Exchange Model and a general Outlook
Social Sciences / Economics / Financial
Submitted on: Mar 31, 2012, 20:35:39
Description: The Kinetic Gas Theory like two-agent money exchange models, recently introduced in the Econophysics of Wealth distributions, are revisited. The emergence of Boltzmann-Gibbs like distribution of individual money to Pareto's law in the tail of the distribution is examined in terms of 2x2 Transition matrix with a general and simple oulook. Some additional interesting results are also reported.