@article{AydinerCherstvyMetzler2019,
  author    = {Aydiner, Ekrem and Cherstvy, Andrey G. and Metzler, Ralf},
  title     = {Money distribution in agent-based models with position-exchange dynamics},
  series = {The European physical journal : B, Condensed matter and complex systems},
  volume    = {92},
  journal   = {The European physical journal : B, Condensed matter and complex systems},
  number    = {5},
  publisher = {Springer},
  address   = {New York},
  issn      = {1434-6028},
  doi       = {10.1140/epjb/e2019-90674-0},
  pages     = {4},
  year      = {2019},
  abstract  = {Wealth and income distributions are known to feature country-specific Pareto exponents for their long power-law tails. To propose a rationale for this, we introduce an agent-based dynamic model and use Monte Carlo simulations to unveil the wealth distributions in closed and open economical systems. The standard money-exchange scenario is supplemented with the position-exchange agent dynamics that vitally affects the Pareto law. Specifically, in closed systems with position-exchange dynamics the power law changes to an exponential shape, while for open systems with traps the Pareto law remains valid.},
  language  = {en}
}