The affine wealth model: an agent-based model of asset exchange that allows for negative-wealth agents and its empirical validation
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Publication:2156124
DOI10.1016/j.physa.2018.10.042OpenAlexW2964222608WikidataQ129032641 ScholiaQ129032641MaRDI QIDQ2156124
Jie Li, Bruce M. Boghosian, Chengli Li
Publication date: 15 July 2022
Published in: Physica A (Search for Journal in Brave)
Full work available at URL: https://arxiv.org/abs/1604.02370
phase transitionsdualityGini coefficientLorenz curveasset exchange modelyard-sale modelphase coexistencewealth inequalitywealth condensationaffine wealth modelextended yard-sale modelwealth-attained advantage
Related Items (6)
A kinetic description of individual wealth growth and control ⋮ Inequality, a scourge of the XXI century ⋮ The lattice Fokker–Planck equation for models of wealth distribution ⋮ Wealth concentration in systems with unbiased binary exchanges ⋮ The Nonuniversality of Wealth Distribution Tails Near Wealth Condensation Criticality ⋮ Nonlinear redistribution of wealth from a stochastic approach
Cites Work
- An \(H\) theorem for Boltzmann's equation for the yard-sale model of asset exchange. The Gini coefficient as an \(H\) functional
- Oligarchy as a phase transition: the effect of wealth-attained advantage in a Fokker-Planck description of asset exchange
- Duality in an asset exchange model for wealth distribution
- A Nonstandard Description of Wealth Concentration in Large-Scale Economies
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