AU - Shivanian, Elyas
AU - Keshtkar, Mahdi
AU - Navidi, Hamid Reza
TI - On the generalization of evolutionary continuous model in random markets
PT - JOURNAL ARTICLE
TA - khu-mmr
JN - khu-mmr
VO - 9
VI - 2
IP - 2
4099 - http://mmr.khu.ac.ir/article-1-3131-en.html
4100 - http://mmr.khu.ac.ir/article-1-3131-en.pdf
SO - khu-mmr 2
ABĀ - A generalization of the continuous economic model is proposed for random markets. In this model, agents interact by pairs and exchange their money in a random way, in general, with possibly non- constant total amount of “money”. This model takes the form of an iterated nonlinear map of the distribution of wealth. We show the only way to reach equilibrium fixed point distribution is the agents to share their money without expansion or contraction factor. Furthermore, it is proved the higher momenta of the distribution exist and the iteration of higher momenta becomes stable under some specific conditions.
CP - IRAN
IN - Department of Applied Mathematics, Imam Khomeini International University, Qazvin, 34149
LG - eng
PB - khu-mmr
PG - 1
PT - Original Manuscript
YR - 2023