000170284 001__ 170284
000170284 005__ 20260410165451.0
000170284 0247_ $$2doi$$a10.1142/S0129183111016038
000170284 0248_ $$2sideral$$a73151
000170284 037__ $$aART-2011-73151
000170284 041__ $$aeng
000170284 100__ $$aPellicer-Lostao, C.$$uUniversidad de Zaragoza
000170284 245__ $$aTransition from exponential to power law income distributions in a chaotic market
000170284 260__ $$c2011
000170284 5203_ $$aEconomy is demanding new models, able to understand and predict the evolution of markets. To this respect, Econophysics offers models of markets as complex systems, that try to comprehend macro-, system-wide states of the economy from the interaction of many agents at micro-level. One of these models is the gas-like model for trading markets. This tries to predict money distributions in closed economies and quite simply, obtains the ones observed in real economies. However, it reveals technical hitches to explain the power law distribution, observed in individuals with high incomes. In this work, nonlinear dynamics is introduced in the gas-like model in an effort to overcomes these flaws. A particular chaotic dynamics is used to break the pairing symmetry of agents (i, j) ⇔ (j, i). The results demonstrate that a "chaotic gas-like model" can reproduce the Exponential and Power law distributions observed in real economies. Moreover, it controls the transition between them. This may give some insight of the micro-level causes that originate unfair distributions of money in a global society. Ultimately, the chaotic model makes obvious the inherent instability of asymmetric scenarios, where sinks of wealth appear and doom the market to extreme inequality.
000170284 540__ $$9info:eu-repo/semantics/closedAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000170284 590__ $$a0.57$$b2011
000170284 591__ $$aPHYSICS, MATHEMATICAL$$b46 / 55 = 0.836$$c2011$$dQ4$$eT3
000170284 591__ $$aCOMPUTER SCIENCE, INTERDISCIPLINARY APPLICATIONS$$b84 / 99 = 0.848$$c2011$$dQ4$$eT3
000170284 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/submittedVersion
000170284 700__ $$0(orcid)0000-0003-4055-3390$$aLópez-Ruiz, R.$$uUniversidad de Zaragoza
000170284 7102_ $$15007$$2570$$aUniversidad de Zaragoza$$bDpto. Informát.Ingenie.Sistms.$$cÁrea Lenguajes y Sistemas Inf.
000170284 7102_ $$15007$$2075$$aUniversidad de Zaragoza$$bDpto. Informát.Ingenie.Sistms.$$cÁrea Ciencia Comput.Intelig.Ar
000170284 773__ $$g22, 1 (2011), 21-33$$pInt. J. Mod. Phys. C$$tINTERNATIONAL JOURNAL OF MODERN PHYSICS C$$x0129-1831
000170284 8564_ $$s670547$$uhttps://zaguan.unizar.es/record/170284/files/texto_completo.pdf$$yPreprint
000170284 8564_ $$s1443824$$uhttps://zaguan.unizar.es/record/170284/files/texto_completo.jpg?subformat=icon$$xicon$$yPreprint
000170284 909CO $$ooai:zaguan.unizar.es:170284$$particulos$$pdriver
000170284 951__ $$a2026-04-10-13:45:50
000170284 980__ $$aARTICLE