Wealth concentration in systems with unbiased binary exchanges

DOI10.1016/j.physa.2021.126123OpenAlexW3106569670MaRDI QIDQ2070253

Sebastián Gonçalves, Ben-Hur Francisco Cardoso, José Roberto Iglesias

Publication date: 21 January 2022

Published in: Physica A (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/2012.00206

zbMATH Keywords

condensationmaster equationunbiased exchangeswealth concentration

Mathematics Subject Classification ID

Statistical mechanics, structure of matter (82-XX)

Cites Work

• An \(H\) theorem for Boltzmann's equation for the yard-sale model of asset exchange. The Gini coefficient as an \(H\) functional
• Several integral inequalities and an upper bound for the bidimensional Hermite-Hadamard inequality
• Basic kinetic wealth-exchange models: common features and open problems
• The Forbes 400, the Pareto power-law and efficient markets
• Oligarchy as a phase transition: the effect of wealth-attained advantage in a Fokker-Planck description of asset exchange
• The impact of randomness on the distribution of wealth: some economic aspects of the Wright-Fisher diffusion process
• The affine wealth model: an agent-based model of asset exchange that allows for negative-wealth agents and its empirical validation
• Essentials of Econophysics Modelling
• Measures, Integrals and Martingales

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