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.

Description
  • 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-dep... read more
This object is in collection Subject Permanent URL Citation
  • 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.
ID:
p55483178
To Cite:
DCA Citation Guide    EndNote
Usage:
Detailed Rights