Money exchange model and a general outlook

The kinetic gas theory, like the two-agent money exchange model, recently introduced in the econophysics of wealth distributions, is revisited. The emergence of a Boltzmann-Gibbs-like distribution of money into Pareto's law in the tail of the distribution is examined in terms of a 2 x 2 transition matrix with a general and simplified outlook. Some additional interesting results are also reported. (c) 2005 Elsevier B.V. All rights reserved.