Economic Models with Chaotic Money Exchange

Authors:
Carmen Pellicer-Lostao;Ricardo López-Ruiz
Affiliations:
Department of Computer Science and BIFI, Universidad de Zaragoza, Zaragoza, Spain 50009;Department of Computer Science and BIFI, Universidad de Zaragoza, Zaragoza, Spain 50009
Venue:
ICCS '09 Proceedings of the 9th International Conference on Computational Science: Part I
Year:
2009

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Abstract

This paper presents a novel study on gas-like models for economic systems. The interacting agents and the amount of exchanged money at each trade are selected with different levels of randomness, from a purely random way to a more chaotic one. Depending on the interaction rules, these statistical models can present different asymptotic distributions of money in a community of individuals with a closed economy.