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Duality and Stationary Distributions of the “Immediate Exchange Model” and Its Generalizations

Duality and Stationary Distributions of the “Immediate Exchange Model” and Its Generalizations

We study the “Immediate Exchange Model”, a wealth distribution model introduced in Heinsalu and Patriarca (Eur Phys J B 87:170, 2014). We prove that the model has a discrete dual, where the duality functions are natural polynomials associated to the Gamma distribution with shape parameter 2 and are exactly those …