A Generalized Continuous Model for Random Markets

Details A Generalized Continuous Model for Random Markets A Generalized Continuous Model for Random Markets

2011-04-12

arxiv.org/abs/1104.2187v3

Economy

Quantitative Finance

General Finance

11 pages, 4 figures

Scientific paper

A generalized continuous economic model is proposed for random markets. In
this model, agents interact by pairs and exchange their money in a random way.
A parameter controls the effectiveness of the transactions between the agents.
We show in a rigorous way that this type of markets reach their asymptotic
equilibrium on the exponential wealth distribution.

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