Kinetic Economies
Wan Ahmad Tajuddin Wan Abdullah, Sidiq Mohamad Khidzir (Universiti, Malaya)
TL;DR
This paper introduces a minimalist kinetic model for economies where agents follow local trading rules, leading to emergent demand behavior and unique wealth distribution patterns, providing insights into non-thermal economic phenomena.
Contribution
The paper presents a novel kinetic model for economies that captures emergent demand behavior and wealth distribution, contrasting it with existing models.
Findings
Agents exhibit emergent demand behavior
Wealth distribution shows non-thermal characteristics
Model comparison highlights unique features
Abstract
We study a minimalist kinetic model for economies. A system of agents with local trading rules display emergent demand behaviour. We examine the resulting wealth distribution to look for non-thermal behaviour. We compare and contrast this model with other similar models.
Peer Reviews
No public reviews on file for this paper yet. If you reviewed it on a platform where reviews are public (OpenReview, ICLR, NeurIPS, ICML), you can paste yours below so the community can read it here.
Videos
No videos yet. Explain this paper in a talk, walkthrough, or lecture? Add one.
Taxonomy
TopicsEconomic theories and models