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Relaxation in statistical many-agent economy models

Marco Patriarca·Anirban Chakraborti·Els Heinsalu·Guido Germano
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Abstract

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.

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Marco Patriarca, Anirban Chakraborti, Els Heinsalu, Guido Germano. 2008-08-03. Relaxation in statistical many-agent economy models. https://doi.org/10.1140/epjb%2Fe2007-00122-7

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