Wealth concentration in a biased asset-exchange model

Devitt-Lee, Adrian.
2017-04-19T18:06:26.973Z

Abstract: Economic inequality is a significant and dynamic problem throughout the world. Asset-exchange models have been used to model macroeconomic systems based on microeconomic assumptions about how agents exchange wealth in an economy. Previous studies of a certain asset-exchange model, called the Yard-Sale model, have found that trade alone promotes the condensation of wealth to a single indi... read more

Subjects
Tufts University. Department of Mathematics.
Permanent URL
http://hdl.handle.net/10427/011726
ID: tufts:21201
To Cite: DCA Citation Guide