Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/32177 
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dc.contributor.authorDüring, Bertramen
dc.contributor.authorMatthes, Danielen
dc.contributor.authorToscani, Giuseppeen
dc.date.accessioned2009-09-17-
dc.date.accessioned2010-05-14T12:00:41Z-
dc.date.available2010-05-14T12:00:41Z-
dc.date.issued2008-
dc.identifier.piurn:nbn:de:bsz:352-opus-116742en
dc.identifier.urihttp://hdl.handle.net/10419/32177-
dc.description.abstractKinetic equations modelling the redistribution of wealth in simple market economies is one of the major topics in the field of econophysics. We present a unifying approach to the qualitative study for a large variety of such models, which is based on a moment analysis in the related homogeneous Boltzmann equation, and on the use of suitable metrics for probability measures. In consequence, we are able to classify the most important feature of the steady wealth distribution, namely the fatness of the Pareto tail, and the dynamical stability of the latter in terms of the model parameters. Our results apply e.g. to the market model with risky investments [S. Cordier, L. Pareschi and G. Toscani, J. Stat. Phys. 120, 253 (2005)], and to the model with quenched saving propensities [B.K. Chakrabarti, A. Chatterjee and S.S. Manna, Physica A 335, 155 (2004)]. Also, we present results from numerical experiments that confirm the theoretical predictions.en
dc.language.isoengen
dc.publisher|aUniversity of Konstanz, Center of Finance and Econometrics (CoFE) |cKonstanzen
dc.relation.ispartofseries|aCoFE Discussion Paper |x08/03en
dc.subject.ddc330en
dc.titleKinetic equations modelling wealth redistribution: A comparison of approaches-
dc.type|aWorking Paperen
dc.identifier.ppn608951617en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cofedp:0803-

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