Kinetic model for international trade allowing transfer of individuals.

Fokker–Planck equations continuous trading limit non-conservative transitions wealth distribution

Journal

Philosophical transactions. Series A, Mathematical, physical, and engineering sciences
ISSN: 1471-2962
Titre abrégé: Philos Trans A Math Phys Eng Sci
Pays: England
ID NLM: 101133385

Informations de publication

Date de publication:
30 May 2022
Historique:
entrez: 11 4 2022
pubmed: 12 4 2022
medline: 13 4 2022
Statut: ppublish

Résumé

We propose a kinetic model to describe trade among different populations, living in different countries. The interaction rules are assumed depending on the trading propensity of each population and also on non-deterministic (random) effects. Moreover, the possible transfers of individuals from one country to another are also taken into account, by means of suitable Boltzmann-type operators. Consistent macroscopic equations for number density and mean wealth of each country are derived from the kinetic equations, and the effects of transfers on their equilibrium values are commented on. Finally, a suitable continuous trading limit is considered, leading to a simpler system of Fokker-Planck-type kinetic equations, with specific contributions accounting for transfers. This article is part of the theme issue 'Kinetic exchange models of societies and economies'.

Identifiants

pubmed: 35400186
doi: 10.1098/rsta.2021.0156
doi:

Types de publication

Journal Article

Langues

eng

Sous-ensembles de citation

IM

Pagination

20210156

Auteurs

M Bisi (M)

Department of Mathematical, Physical and Computer Sciences, University of Parma, Parma, Italy.

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Classifications MeSH