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Paper detail

Relaxation in statistical many-agent economy models

We review some statistical many-agent models of economic and social systems inspired by microscopic molecular models and discuss their stochastic interpretation. We apply these models to wealth exchange in economics and study how the relaxation process depends on the parameters of the system, in particular on the saving propensities that define and diversify the agent profiles.

preprint2008arXivOpen access
Marco PatriarcaAnirban ChakrabortiEls HeinsaluGuido Germano
q-fin.GNphysics.soc-ph
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Marco PatriarcaAnirban ChakrabortiEls HeinsaluGuido Germano

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