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We study two kinds of economic exchange, additive and multiplicative, in a system of N agents.
The work is divided in two parts, in the rst one, the agents are free to interact with each other.
How do individuals accumulate wealth as they interact economically? We outline the consequences of a simple microscopic model in which repeated pairwise exchanges of assets between individuals build t...
Effects of introduction of new resources and fragmentation of existing resources on limiting wealth distribution in asset exchange models
new resources existing resources asset exchange models
2010/10/29
Pareto law, which states that wealth distribution in societies have a power-law tail, has been a subject of intensive investigations in statistical physics community. Several models have been employed...