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
In this paper we introduce a simple model for a financial market characterized by a single stock or ...
Increasingly, a huge amount of statistics have been gathered which clearly indicates that income and...
Whilst some regional energy markets appear to be integrating, modelling the pricing of natural gas e...
We discuss the ideal gas like models of a trading market. The effect of savings on the distribution ...
We provide an exact solution to the ideal gas like models studied in econophysics to understand the ...
We propose a novel kinetic exchange model differing from previous ones in two main aspects. First, t...
We introduce and discuss a kinetic model for wealth distribution in a simple market economy which is...
Abstract. We discuss the equivalence between kinetic wealth-exchange models, in which agents exchang...
Kinetic market models have been proposed recently to account for the redistribution of wealth in sim...
We discuss the equivalence between kinetic wealth-exchange models, in which agents exchange wealth d...
We study here numerically the behavior of an ideal gas like model of markets having only one non-con...
European gas markets have gone through profound restructuring processes in the last 20 years. Direct...
© 2019, Springer Science+Business Media, LLC, part of Springer Nature. European gas markets have gon...
We consider the ideal-gas models of trading markets, where each agent is identified with a gas molec...
we introduce and discuss the passage to hydrodynamic equations for kinetic models of conservative ec...
In this paper we introduce a simple model for a financial market characterized by a single stock or ...
Increasingly, a huge amount of statistics have been gathered which clearly indicates that income and...
Whilst some regional energy markets appear to be integrating, modelling the pricing of natural gas e...
We discuss the ideal gas like models of a trading market. The effect of savings on the distribution ...
We provide an exact solution to the ideal gas like models studied in econophysics to understand the ...
We propose a novel kinetic exchange model differing from previous ones in two main aspects. First, t...
We introduce and discuss a kinetic model for wealth distribution in a simple market economy which is...
Abstract. We discuss the equivalence between kinetic wealth-exchange models, in which agents exchang...
Kinetic market models have been proposed recently to account for the redistribution of wealth in sim...
We discuss the equivalence between kinetic wealth-exchange models, in which agents exchange wealth d...
We study here numerically the behavior of an ideal gas like model of markets having only one non-con...
European gas markets have gone through profound restructuring processes in the last 20 years. Direct...
© 2019, Springer Science+Business Media, LLC, part of Springer Nature. European gas markets have gon...
We consider the ideal-gas models of trading markets, where each agent is identified with a gas molec...
we introduce and discuss the passage to hydrodynamic equations for kinetic models of conservative ec...
In this paper we introduce a simple model for a financial market characterized by a single stock or ...
Increasingly, a huge amount of statistics have been gathered which clearly indicates that income and...
Whilst some regional energy markets appear to be integrating, modelling the pricing of natural gas e...