Ideal-gas-like market models with saving
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Arnab Chatterjee; Bikas K. Chakrabarti
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Article
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2007
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Elsevier Science
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English
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We analyze the ideal-gas-like models of markets and review the different cases where a 'savings' factor changes the nature and shape of the distribution of wealth. These models can produce similar distribution of wealth as observed across varied economies. We present a more realistic model where the