8 citations · 8 across the 1 of their papers we have counts for
2 papers
q-fin.GN2016★ 8 cited
The Growth of Oligarchy in a Yard-Sale Model of Asset Exchange: A Logistic Equation for Wealth Condensation
Bruce M. Boghosian, Adrian Devitt-Lee, Hongyan Wang
The addition of wealth-attained advantage (WAA) to the Yard-Sale Model (YSM) of asset exchange has been demonstrated to induce wealth condensation. In a model of WAA for which the…
physics.soc-ph2015
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…