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A Generalized Continuous Model for Random Markets
Published 12 Apr 2011 in q-fin.GN, cs.MA, and nlin.AO | (1104.2187v3)
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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