B. Düring, G. Toscani:
"International and domestic trading and wealth distribution";
Communications in Mathematical Sciences, 6 (2008), 4; S. 1043 - 1058.

Kurzfassung deutsch:
s. engl. Abstract

Kurzfassung englisch:
We introduce and discuss a kinetic model for wealth distribution in a simple market economy which is built of a number of countries or social groups. Our approach is based on the model with risky investments introduced by Cordier, Pareschi and one of the authors and borrows ideas from the kinetic theory of mixtures of rarefied gases. Wealth is exchanged by individuals inside these countries (domestic trade) as well as in between different countries (international trade). Under a suitable scaling we derive a system of Fokker-Planck type equations and discuss its extension to a two-dimensional model with distributed trading propensity. Theoretical and numerical results for two groups show that the wealth distribution develops a bimodal (and in general, a polymodal) shape.

Zugeordnete Projekte:
Projektleitung Ansgar Jüngel:
Numerik und Modellierung nichtlinearer partieller Differentialgleichungen zur Beschreibung von Kredit- und Preisrisiken

Erstellt aus der Publikationsdatenbank der Technischen Universität Wien.