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Agent 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.
1 source code document is available
Subjects Levels Resource Types
Mathematical Tools
- Probability
- Statistics
Thermo & Stat Mech
- Probability
= Random Walks
- Statistical Physics
- Upper Undergraduate
- High School
- Lower Undergraduate
- Informal Education
- Instructional Material
= Interactive Simulation
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Access Rights:
Free access
License:
This material is released under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 license.
Rights Holder:
Wolfgang Christian
Keyword:
econophysics
Record Cloner:
Metadata instance created July 31, 2022 by Wolfgang Christian
Record Updated:
July 31, 2022 by Wolfgang Christian
Last Update
when Cataloged:
July 31, 2022
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AIP Format
W. Christian, J. Tobochnik, and H. Gould, Computer Program AGENT BASED GROWTH, EXCHANGE, AND DISTRIBUTION MODEL (2022), WWW Document, (https://www.compadre.org/Repository/document/ServeFile.cfm?ID=16189&DocID=5565).
AJP/PRST-PER
W. Christian, J. Tobochnik, and H. Gould, Computer Program AGENT BASED GROWTH, EXCHANGE, AND DISTRIBUTION MODEL (2022), <https://www.compadre.org/Repository/document/ServeFile.cfm?ID=16189&DocID=5565>.
APA Format
Christian, W., Tobochnik, J., & Gould, H. (2022). Agent Based Growth, Exchange, and Distribution Model [Computer software]. Retrieved September 30, 2022, from https://www.compadre.org/Repository/document/ServeFile.cfm?ID=16189&DocID=5565
Chicago Format
Christian, W, J. Tobochnik, and H. Gould. "Agent Based Growth, Exchange, and Distribution Model." https://www.compadre.org/Repository/document/ServeFile.cfm?ID=16189&DocID=5565 (accessed 30 September 2022).
MLA Format
Christian, Wolfgang, Jan Tobochnik, and Harvey Gould. Agent Based Growth, Exchange, and Distribution Model. Computer software. 2022. 30 Sep. 2022 <https://www.compadre.org/Repository/document/ServeFile.cfm?ID=16189&DocID=5565>.
BibTeX Export Format
@misc{ Author = "Wolfgang Christian and Jan Tobochnik and Harvey Gould", Title = {Agent Based Growth, Exchange, and Distribution Model}, Month = {July}, Year = {2022} }
Refer Export Format

%A Wolfgang Christian %A Jan Tobochnik %A Harvey Gould %T Agent Based Growth, Exchange, and Distribution Model %D July 31, 2022 %U https://www.compadre.org/Repository/document/ServeFile.cfm?ID=16189&DocID=5565 %O text/html

EndNote Export Format

%0 Computer Program %A Christian, Wolfgang %A Tobochnik, Jan %A Gould, Harvey %D July 31, 2022 %T Agent Based Growth, Exchange, and Distribution Model %8 July 31, 2022 %U https://www.compadre.org/Repository/document/ServeFile.cfm?ID=16189&DocID=5565


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