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Agent Based Growth, Exchange, and Distribution Model Documents

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Main Document

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.

Published July 31, 2022
Last Modified July 31, 2022

Source Code Documents

Agent Based Growth, Exchange, and Distribution Model Source Code 

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

Last Modified July 31, 2022

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