Abstract
A statistical model consisting of N basic units which interact with each other by exchanging a physical entity, according to a given microscope law, was discussed. The generalized model was characterized by N agents carrying out transactions according to a given criterion. It was suggested that the model can be interpreted as a simple closed economy in which economic agents trade money and a saving criterion is fixed by the saving propensity λ. It was shown that the model can also be interpreted as a perfect gas at an effective temperature T(λ), where particles exchange energy in a space with an effective dimension D(λ)
Original language | English |
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Article number | 016104 |
Number of pages | 5 |
Journal | Physical Review E |
Volume | 70 |
Issue number | 1 Part 2 |
DOIs | |
Publication status | Published - 2004 |
MoE publication type | A1 Journal article-refereed |