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arXiv · 1104.2187

A Generalized Continuous Model for Random Markets

R. Lopez-Ruiz·E. Shivanian·S. Abbasbandy·J. L. Lopez
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Abstract

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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R. Lopez-Ruiz, E. Shivanian, S. Abbasbandy, J. L. Lopez. 2011-04-12. A Generalized Continuous Model for Random Markets. https://arxiv.org/abs/1104.2187

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