Using the analogy with inelastic granular gases we introduce a model for wealth exchange in society. The dynamics is governed by a kinetic equation, which allows for self-similar solutions. The scaling function has a power-law tail, the exponent being given by a transcendental equation. In the limit of continuous trading, a closed form of the wealth distribution is calculated analytically.
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http://dx.doi.org/10.1103/PhysRevE.69.046102 | DOI Listing |
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