Article ID Journal Published Year Pages File Type
975965 Physica A: Statistical Mechanics and its Applications 2011 13 Pages PDF
Abstract
We study two kinds of economic exchanges, additive and multiplicative, in a system of N agents. The work is divided into two parts. In the first one, the agents are free to interact with each other. The system evolves to a Boltzmann-Gibbs distribution with additive exchange and condenses with a multiplicative one. If bankruptcy is introduced, both types of exchange lead to condensation. Condensation times have been studied. In the second part, the agents are placed in a social network. We analyze the behavior of wealth distributions in time, and the formation of economic classes is observed for certain values of network connectivity.
Related Topics
Physical Sciences and Engineering Mathematics Mathematical Physics
Authors
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