Effects of Saving and Spending Patterns on Holding Time Distribution

Details Effects of Saving and Spending Patterns on Holding Time Distribution Effects of Saving and Spending Patterns on Holding Time Distribution

2005-07-20

arxiv.org/abs/physics/0507149v1

the European Physical Journal B, 36(1), 149(2003)

Physics

Physics and Society

9 pages, 6 figures

Scientific paper

10.1140/epjb/e2003-00328-7

The effects of saving and spending patterns on holding time distribution of money are investigated based on the ideal gas-like models. We show the steady-state distribution obeys an exponential law when the saving factor is set uniformly, and a power law when the saving factor is set diversely. The power distribution can also be obtained by proposing a new model where the preferential spending behavior is considered. The association of the distribution with the probability of money to be exchanged has also been discussed.

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