38 citations · 80 across the 3 of their papers we have counts for
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q-fin.GN2014★ 37 cited
Evolution of wealth in a nonconservative economy driven by local Nash equilibria
Pierre Degond, Jian-Guo Liu, Christian Ringhofer
We develop a model for the evolution of wealth in a non-conservative economic environment, extending a theory developed earlier by the authors. The model considers a system of rati…
q-fin.GN2013★ 38 cited
Evolution of the distribution of wealth in an economic environment driven by local Nash equilibria
Pierre Degond, Jian-Guo Liu, Christian Ringhofer
We present and analyze a model for the evolution of the wealth distribution within a heterogeneous economic environment. The model considers a system of rational agents interacting…