Money Exchange Model and a general Outlook

Details Money Exchange Model and a general Outlook Money Exchange Model and a general Outlook

2005-05-17

arxiv.org/abs/physics/0505115v1

Physics

Physics and Society

4 pages, 2 figures, to appear in Physica A

Scientific paper

10.1016/j.physa.2005.04.038

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.

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