| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 977090 | Physica A: Statistical Mechanics and its Applications | 2009 | 8 Pages |
Abstract
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.
Related Topics
Physical Sciences and Engineering
Mathematics
Mathematical Physics
Authors
Anindya S. Chakrabarti, Bikas K. Chakrabarti,