Colloquium: Statistical mechanics of money, wealth, and income

VM Yakovenko, JB Rosser Jr - Reviews of modern physics, 2009 - APS
This Colloquium reviews statistical models for money, wealth, and income distributions
developed in the econophysics literature since the late 1990s. By analogy with the …

Econophysics review: II. Agent-based models

A Chakraborti, IM Toke, M Patriarca… - Quantitative …, 2011 - Taylor & Francis
This article is the second part of a review of recent empirical and theoretical developments
usually grouped under the heading Econophysics. In the first part, we reviewed the statistical …

[LIBRO][B] Econophysics of income and wealth distributions

BK Chakrabarti, A Chakraborti, SR Chakravarty… - 2013 - books.google.com
The distribution of wealth and income is never uniform, and philosophers and economists
have tried for years to understand the reasons and formulate remedies for such inequalities …

Econophysics, statistical mechanics approach to

VM Yakovenko - arxiv preprint arxiv:0709.3662, 2007 - arxiv.org
This is a review article for Encyclopedia of Complexity and System Science, to be published
by Springer http://refworks. springer. com/complexity/. The paper reviews statistical models …

Twenty-five years of random asset exchange modeling

M Greenberg, HO Gao - The European Physical Journal B, 2024 - Springer
The last 25 years have seen the development of a significant literature within the subfield of
econophysics which attempts to model economic inequality as the emergent property of …

The inequality process as a wealth maximizing process

J Angle - Physica A: Statistical Mechanics and Its Applications, 2006 - Elsevier
The One Parameter Inequality Process (OPIP) long predates the Saved Wealth Model
(SWM) to which it is isomorphic up to the different choice of stochastic driver of wealth …

Basic kinetic wealth-exchange models: common features and open problems

M Patriarca, E Heinsalu, A Chakraborti - The European Physical Journal B, 2010 - Springer
We review the basic kinetic wealth-exchange models of Angle [J. Angle, Social Forces 65,
293 (1986); J. Math. Sociol. 26, 217 (2002)], Bennati [E. Bennati, Rivista Internazionale di …

Kinetic models of immediate exchange

E Heinsalu, M Patriarca - The European Physical Journal B, 2014 - Springer
We propose a novel kinetic exchange model differing from previous ones in two main
aspects. First, the basic dynamics is modified in order to represent economies where …

Kinetic exchange models: From molecular physics to social science

M Patriarca, A Chakraborti - American Journal of Physics, 2013 - pubs.aip.org
We discuss several multi-agent models that have their origin in the kinetic exchange theory
of statistical mechanics and have been recently applied to a variety of problems in the social …

Influence of saving propensity on the power-law tail of the wealth distribution

M Patriarca, A Chakraborti, G Germano - Physica A: Statistical Mechanics …, 2006 - Elsevier
Some general features of statistical multi-agent economic models are reviewed, with
particular attention to the dependence of the equilibrium wealth distribution on the agents' …