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Exponential wealth distribution in a random market. A rigorous explanation

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  • Jose-Luis Lopez
  • Ricardo Lopez-Ruiz
  • Xavier Calbet

Abstract

In simulations of some economic gas-like models, the asymptotic regime shows an exponential wealth distribution, independently of the initial wealth distribution given to the system. The appearance of this statistical equilibrium for this type of gas-like models is explained in a rigorous analytical way.

Suggested Citation

  • Jose-Luis Lopez & Ricardo Lopez-Ruiz & Xavier Calbet, 2011. "Exponential wealth distribution in a random market. A rigorous explanation," Papers 1103.5703, arXiv.org, revised May 2011.
    • Handle: RePEc:arx:papers:1103.5703
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    File URL: http://arxiv.org/pdf/1103.5703
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    Cited by:

    1. R. Lopez-Ruiz & E. Shivanian & S. Abbasbandy & J. L. Lopez, 2011. "A Generalized Continuous Model for Random Markets," Papers 1104.2187, arXiv.org, revised May 2011.

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