LAUSR.org creates dashboard-style pages of related content for over 1.5 million academic articles. Sign Up to like articles & get recommendations!

A two-group kinetic wealth model with wealth-gap drift and non-Maxwellian kernels

This paper applies statistical mechanics to investigate wealth distribution in binary interactions between two groups of agents. Using an exchange rule with non-zero expected random variables and non-Maxwellian collision kernels,… Click to show full abstract

This paper applies statistical mechanics to investigate wealth distribution in binary interactions between two groups of agents. Using an exchange rule with non-zero expected random variables and non-Maxwellian collision kernels, we consider the case that wealth distribution is affected by the wealth replacement rate, trading rate, market risk and the proportion of steady-state wealth distributions of two groups of agents. The decrease of market risk and the increase of the wealth replacement rate and trading rate are conducive to the equalization of wealth distribution, and high proportion of steady-state wealth distributions of two groups of agents narrows disparities in group 1 but worsens them in group 2 under certain conditions. We verify our conclusions by numerical experiments.

Keywords: non maxwellian; rate; group; wealth; wealth distribution; two groups

Journal Title: PLOS One
Year Published: 2025

Link to full text (if available)


Share on Social Media:                               Sign Up to like & get
recommendations!

Related content

More Information              News              Social Media              Video              Recommended



                Click one of the above tabs to view related content.