# Wealth distributions in asset exchange models

@article{Ispolatov1998WealthDI, title={Wealth distributions in asset exchange models}, author={S. Ispolatov and Paul L. Krapivsky and Sidney Redner}, journal={The European Physical Journal B - Condensed Matter and Complex Systems}, year={1998}, volume={2}, pages={267-276} }

Abstract:A model for the evolution of the wealth distribution in an economically interacting population is introduced, in which a specified amount of assets are exchanged between two individuals when they interact. The resulting wealth distributions are determined for a variety of exchange rules. For “random” exchange, either individual is equally likely to gain in a trade, while “greedy” exchange, the richer individual gains. When the amount of asset traded is fixed, random exchange leads to a…

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