Effects of Saving and Spending Patterns on Holding Time Distribution

Ning Ding, Ning Xi and Yougui Wang

Papers from arXiv.org

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.

Date: 2005-07
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in the European Physical Journal B, 36(1), 149(2003)

Downloads: (external link)
http://arxiv.org/pdf/physics/0507149 Latest version (application/pdf)

Related works:
Journal Article: Effects of saving and spending patterns on holding time distribution (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:physics/0507149

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().