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cond-mat.stat-mech2021★ 7 cited
Mean-field theory of an asset exchange model with economic growth and wealth distribution
W. Klein, N. Lubbers, Kang K. L. Liu +2
We develop a mean-field theory of the growth, exchange and distribution (GED) model introduced by Kang et al. (preceding paper) that accurately describes the phase transition in th…
cond-mat.stat-mech2021★ 19 cited
Simulation of a generalized asset exchange model with economic growth and wealth distribution
Kang K. L. Liu, N. Lubbers, W. Klein +3
The agent-based Yard-Sale model of wealth inequality is generalized to incorporate exponential economic growth and its distribution. The distribution of economic growth is nonunifo…