Duality and stationary distributions of wealth distribution models
classification
🧮 math.PR
math-phmath.MP
keywords
wealthdistributionmodelsmeasuresstationaryanalyzeassociatedcharacterize
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We analyze a class of energy and wealth redistribution models. We characterize their stationary measures and show that they have a discrete dual process. In particular we show that the wealth distribution model with non-zero propensity can never have invariant product measures. We also introduce diffusion processes associated to the wealth distribution models by "instantaneous thermalization".
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