Effects of saving and spending patterns on holding time distribution

Ning Ding, N. Xi and Y. Wang ()

The European Physical Journal B: Condensed Matter and Complex Systems, 2003, vol. 36, issue 1, 149-153

Abstract: The effects of saving and spending patterns on holding time distribution of money are investigated based on the ideal gas-like models. We show the steady-state distribution obeys an exponential law when the saving factor is set uniformly, and a power law when the saving factor is set diversely. The power distribution can also be obtained by proposing a new model where the preferential spending behavior is considered. The association of the distribution with the probability of money to be exchanged has also been discussed. Copyright Springer-Verlag Berlin/Heidelberg 2003

Date: 2003
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Working Paper: Effects of Saving and Spending Patterns on Holding Time Distribution (2005)
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DOI: 10.1140/epjb/e2003-00328-7

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