Chakrabarti, Anindya S. ; Chakrabarti, Bikas K. (2009) Microeconomics of the ideal gas like Market model Physica A: Statistical Mechanics and its Applications, 388 (19). pp. 4151-4158. ISSN 0378-4371
Full text not available from this repository.
Official URL: http://linkinghub.elsevier.com/retrieve/pii/S03784...
Related URL: http://dx.doi.org/10.1016/j.physa.2009.06.038
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.
| Item Type: | Article |
|---|---|
| Source: | Copyright of this article belongs to Elsevier Science. |
| Keywords: | Economics; Econophysics, financial Markets, Business and Management; Stochastic Processes; Distribution Theory and Monte Carlo Studies; Kinetic Theory |
| ID Code: | 44808 |
| Deposited On: | 23 Jun 2011 07:58 |
| Last Modified: | 23 Jun 2011 07:58 |
Repository Staff Only: item control page
