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Title
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ON THE ANALYSIS OF A GENERAL NONLINEAR OPERATOR FOR A MODEL IN RANDOM MARKETS
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Type
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Presentation
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Keywords
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Equilibrium point, Evolutionary Model, Non-linear Operator, Random Markets.
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Abstract
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A generalization of the continuous economic model is proposed for random markets. In this model, agents interact by pairs and exchange their money in a random way, in general, with possibly nonconstant total amount of “money”. This model takes the form of an iterated nonlinear map of the distribution of wealth. We show the only way to reach equilibrium fixed point distribution is the agents to share their money without expansion or contraction factor.
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Researchers
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Elyas Shivaniana (Second Researcher), Mahdi Keshtkar (First Researcher)
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