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
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