  In this paper, we continue our analysis of spatial versions of agent-based
models for the dynamics of money that have been introduced in the statistical
physics literature, focusing on two models with debts. Both models consist of
systems of economical agents located on a finite connected graph representing a
social network. Each agent is characterized by the number of coins she has,
which can be negative in case she is in debt, and each monetary transaction
consists in one coin moving from one agent to one of her neighbors. In the
first model, that we name the model with individual debt limit, the agents are
allowed to individually borrow up to a fixed number of coins. In the second
model, that we name the model with collective debt limit, agents can borrow
coins from a central bank as long as the bank is not empty, with reimbursements
occurring each time an agent in debt receives a coin. Based on numerical
simulations of the models on complete graphs, it was conjectured that, in the
large population/temperature limits, the distribution of money converges to a
shifted exponential distribution for the model with individual debt limit, and
to an asymmetric Laplace distribution for the model with collective debt limit.
In this paper, we prove exact formulas for the distribution of money that are
valid for all possible social networks. Taking the large population/temperature
limits in the formula found for the model with individual debt limit, we prove
convergence to the shifted exponential distribution, thus establishing the
first conjecture. Simplifying the formula found for the model with collective
debt limit is more complicated, but using a computer to plot this formula shows
an almost perfect fit with the Laplace distribution, which strongly supports
the second conjecture.
