arXiv subjects

Anindya S. Chakrabarti

Publications and source records attributed to Anindya S. Chakrabarti.

22 records · Page 2Linked to original sources

arXiv2010

Modelling savings behavior of agents in the kinetic exchange models of market

Kinetic exchange models have been successful in explaining the shape of the income/wealth distribution in the economies. However, such models usually make some ad-hoc assumptions when it comes to determining the savings factor. Here, we examine a few models in and out of the domain of standard neo-classical economics to explain the savings behavior of the agents. A number of new results are derived and the rest conform with those obtained earlier. Connections are established between the reinforcement choice and strategic choice models with the usual kinetic exchange models.

q-fin.TR↗

arXiv2010

Inequality reversal: effects of the savings propensity and correlated returns

In the last decade, a large body of literature has been developed to explain the universal features of inequality in terms of income and wealth. By now, it is established that the distributions of income and wealth in various economies show a number of statistical regularities. There are several models to explain such static features of inequality in an unifying framework and the kinetic exchange models, in particular, provide one such framework. Here we focus on the dynamic features of inequality. In the process of development and growth, inequality in an economy in terms of income and wealth follows a particular pattern of rising in the initial stage followed by an eventual fall. This inverted U-shaped curve is known as the Kuznets Curve. We examine the possibilities of such behavior of an economy in the context of a generalized kinetic exchange model. It is shown that under some specific conditions, our model economy indeed shows inequality reversal.

q-fin.GN↗

arXiv2009

Microeconomics of the ideal gas like market models

We develop a framework based on microeconomic theory from which the ideal gas like market models can be addressed. A kinetic exchange model based on that framework is proposed and its distributional features have been studied by considering its moments. Next, we derive the moments of the CC model (Eur. Phys. J. B 17 (2000) 167) as well. Some precise solutions are obtained which conform with the solutions obtained earlier. Finally, an output market is introduced with global price determination in the model with some necessary modifications.

physics.soc-ph↗

arXiv2008

Queue-length Variations In A Two-Restaurant Problem

This paper attempts to find out numerically the distribution of the queue-length ratio in the context of a model of preferential attachment. Here we consider two restaurants only and a large number of customers (agents) who come to these restaurants. Each day the same number of agents sequentially arrives and decides which restaurant to enter. If all the agents literally follow the crowd then there is no difference between this model and the famous `Pólya's Urn' model. But as agents alter their strategies different kind of dynamics of the model is seen. It is seen from numerical results that the existence of a distribution of the fixed points is quite robust and it is also seen that in some cases the variations in the ratio of the queue-lengths follow a power-law.

cs.GT↗