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Statistical equilibrium in simple exchange games II. The redistribution game

journal contribution
posted on 2023-06-08, 18:26 authored by U Garibaldi, Enrico Scalas, P Viarengo
We propose a simple stochastic exchange game mimicking taxation and redistribution. There are g agents and n coins; taxation is modeled by randomly extracting some coins; then, these coins are redistributed to agents following Polya's scheme. The individual wealth equilibrium distribution for the resulting Markov chain is the multivariate symmetric Polya distribution. In the continuum limit, the wealth distribution converges to a Gamma distribution, whose form factor is just the initial redistribution weight. The relationship between this taxation-and-redistribution scheme and other simple conservative stochastic exchange games (such as the BDY game) is discussed.

History

Publication status

  • Published

Journal

European Physical Journal B: Condensed Matter and Complex Systems

ISSN

1434-6028

Publisher

EDP Sciences

Issue

2

Volume

60

Page range

241-246

Department affiliated with

  • Mathematics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2014-09-29

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