Kinetic modeling of economic markets with heterogeneous saving propensities
نویسندگان
چکیده
The lattice gas automaton (LGA) is proposed for a closed economic market of agents with heterogeneous saving interests. There are two procedures in the standard LGA, i.e. “propagation” + “transaction”. If propagation step removed and transaction conducted among all agents, LGA reduces to more simplified kinetic model. In addition, dealing rules imposed on phase. Under Rule I, trading volume depends average propensities an arbitrary pair trade. II, exchange governed by stochastic parameter between traders. Besides, sampling methods introduced random selection iterative process. Specifically, Sampling I replacement easier program. II without owns higher computing efficiency. slight differences stationary wealth distributions simulated using approaches. accuracy, robustness efficiency econophysics models validated typical numerical tests. reduced computational than LGA. Moreover, impact groups studied, influence proportions investigated as well. To quantitatively measure inequality, Gini coefficients, Kolkata indices, deviation degrees analyzed detail. This work helpful further analyze predict dynamic process distribution realistic market.
منابع مشابه
Asset Markets with Heterogeneous Information
This paper studies competitive equilibria of economies where assets are heterogeneous and traders have heterogeneous information about them. Markets are defined by a price and a procedure for clearing trades and any asset can in principle be traded in any market. Buyers can use their information to impose acceptance rules which specify which assets they are willing to trade in each market. The ...
متن کاملRelationship analysis of road markets with socio-economic stability of villages in Sistan region
Relationship analysis of road markets with socio-economic stability of villages in Sistan region Abstrac The present study, identify the relationships of road markets with economic- social sustainability in villages of Sistan and the research method is descriptive and analytical and based on documentary and field studies (questionnaire). To analyze the data, SPSS statistical analysis so...
متن کاملFinancial Markets Equilibrium with Heterogeneous Agents
This paper presents an equilibrium model in a pure exchange economy when investors have three possible sources of heterogeneity. Investors may differ in their beliefs, in their level of risk aversion and in their time preference rate. We study the impact of investors heterogeneity on the properties of the equilibrium. In particular, we analyze the consumption shares, the market price of risk, t...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Journal of Modern Physics C
سال: 2023
ISSN: ['0129-1831', '1793-6586']
DOI: https://doi.org/10.1142/s0129183123501061