Service interruption on Monday 11 July from 12:30 to 13:00: all the sites of the CCSD (HAL, EpiSciences, SciencesConf, AureHAL) will be inaccessible (network hardware connection).
Skip to Main content Skip to Navigation
Journal articles

A simple probabilistic approach of the Yard-Sale model

Abstract : We propose in the present paper a probabilistic approach of the so-called Hayes (2002) Yard-Sale model using classical diffusion approximations of Markov chains. We partly recover, at the very least for small and high frequency transactions, recent results of Boghosian (2014a) and Boghosian et al. (2015) concerning both wealth condensation in the absence of redistribution mechanisms and steady state distributions when a uniform capital taxation is imposed.
Complete list of metadata

https://hal-paris1.archives-ouvertes.fr/hal-01387028
Contributor : Christophe Chorro Connect in order to contact the contributor
Submitted on : Tuesday, October 25, 2016 - 9:31:25 AM
Last modification on : Friday, April 29, 2022 - 10:12:42 AM

Links full text

Identifiers

Collections

Citation

Christophe Chorro. A simple probabilistic approach of the Yard-Sale model. Statistics and Probability Letters, Elsevier, 2016, 112, pp.35-40. ⟨10.1016/j.spl.2016.01.012⟩. ⟨hal-01387028⟩

Share

Metrics

Record views

102