The affine wealth model: an agent-based model of asset exchange that allows for negative-wealth agents and its empirical validation
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Publication:2156124
DOI10.1016/j.physa.2018.10.042MaRDI QIDQ2156124
Bruce M. Boghosian, Jie Li, Chengli Li
Publication date: 15 July 2022
Published in: Physica A (Search for Journal in Brave)
Full work available at URL: https://arxiv.org/abs/1604.02370
phase transitions; duality; Gini coefficient; Lorenz curve; asset exchange model; yard-sale model; phase coexistence; wealth inequality; wealth condensation; affine wealth model; extended yard-sale model; wealth-attained advantage
82-XX: Statistical mechanics, structure of matter