written by Wolfgang Christian, Jan Tobochnik, and Harvey Gould

How does growth influence the distribution of wealth in a society? We investigate this question using a simple agent-based model that adds growth and its distribution to the basic Yard Sale Model for asset exchange. Our model economy consists of N agents (economic actors such as a person, family, or a company) which make economic decisions. Interacting agents are chosen randomly so that each agent participates, on average, in two transactions in one time step. After N transactions (one time step) the economy grows and the growth is distributed to the agents.

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Published July 31, 2022
Last Modified October 17, 2022

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EJS JavaScript source code for Agent Based Growth, Exchange, and Distribution Model.

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Last Modified October 17, 2022

This file has previous versions.