Wealth concentration in a biased asset-exchange model

Devitt-Lee, Adrian.

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

Tufts University. Department of Mathematics.
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ID: tufts:21201
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