Agent Based Growth, Exchange, and Distribution Model DocumentsThis material has 2 associated documents. Select a document title to view a document's information. Main DocumentAgent Based Growth, Exchange, and Distribution Model
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.
Published July 31, 2022
This file has previous versions. Source Code DocumentsAgent Based Growth, Exchange, and Distribution Model Source CodeEJS JavaScript source code for Agent Based Growth, Exchange, and Distribution Model.
Last Modified October 17, 2022
This file has previous versions. |