CT 3.2.4 Non-equilibrium Process of the Random Exchange Model

Introduction The last decade has witnessed that random exchange models have been developed in the field of econophysics and applied into various economic issues. This kind of models was proposed to explore the underlying mechanism of wealth distribution or income distribution. Besides static distribution, these models have also been used to study the dynamic characteristics of these systems such as money circulation and economic mobility. The details can be found in a recent review book [1].