most citedThe Growth of Oligarchy in a Yard-Sale Model of Asset Exchange: A Logistic Equation for Wealth Condensation

8 citations · 12 across the 2 of their papers we have counts for

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physics.soc-ph2015★ 4 cited

Oligarchy as a Phase Transition: The effect of wealth-attained advantage in a Fokker-Planck description of asset exchange

Bruce M. Boghosian, Adrian Devitt-Lee, Merek Johnson +2

In earlier work, we derived a nonlinear, nonlocal Fokker-Planck equation for the Yard-Sale Model of asset exchange. In the absence of redistribution, we showed that the Gini coeffi…