Duality in an asset exchange model for wealth distribution

DOI10.1016/J.PHYSA.2017.12.068OpenAlexW2775136712MaRDI QIDQ2150288

Bruce M. Boghosian, Jie Li

Publication date: 27 June 2022

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

Full work available at URL: https://doi.org/10.1016/j.physa.2017.12.068

zbMATH Keywords

Fokker-Planck equationphase transitionsasset exchange modelyard-sale modelphase coexistencewealth condensation

Mathematics Subject Classification ID

Statistical mechanics, structure of matter (82-XX)

Related Items (2)

The affine wealth model: an agent-based model of asset exchange that allows for negative-wealth agents and its empirical validation ⋮ Nonlinear redistribution of wealth from a stochastic approach

Cites Work

• An \(H\) theorem for Boltzmann's equation for the yard-sale model of asset exchange. The Gini coefficient as an \(H\) functional
• The large-\(N\) limit of superconformal field theories and supergravity
• Oligarchy as a phase transition: the effect of wealth-attained advantage in a Fokker-Planck description of asset exchange
• Statistics of the Two-Dimensional Ferromagnet. Part I
• Crystal Statistics. I. A Two-Dimensional Model with an Order-Disorder Transition

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