The Growth of Oligarchy in a Yard-Sale Model of Asset Exchange - A Logistic Equation for Wealth Condensation.

Boghosian, Bruce M.

Devitt-Lee, Adrian.

Wang, Hongyan.

2016.

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  • The addition of wealth-attained advantage (WAA) to the Yard-Sale Model (YSM) of asset exchange has been demonstrated to induce wealth condensation. In models of WAA for which the bias is a continuous function of the wealth difference of the transacting agents, the condensation arises from a second-order phase transition to a coexistence regime. In this paper, we present the first analytic time-dependent ... read more
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  • B. M. Boghosian, A. Devitt-Lee, and H. Wang, "The Growth of Oligarchy in a Yard-Sale Model of Asset Exchange - A Logistic Equation for Wealth Condensation," Proceedings of the 1st International Conference on Complex Information Systems, 2016. doi: 10.5220/0005956501870193.
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p55483178
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