Geography, Capital and Political Feedback: Social Phases in Kinetic Wealth-Exchange Models
Year: 2026
Type: article
Abstract: Here we investigte wealth accumulation and corresponding "phases" of economic system according to number of clusters of wealth. In an ensemble of 64x64 agents which have a unit average wealth, wealth transfer with a higher probability that wealth transfers to wealthier agent, and resources where every agent gets a proportion of and the unit value of resource determined by it's rarity and total value same for all resources. Clusters of wealth occur, where the "lord" has high wealth centered in an effective radius. Machinery decreases unit price of a good and increases accumulation in fewer hands. Interaction between two such ensembles have shown to have decreased the number of lords. Further conclusions about interaction of two ensembles can be found in the paper.
Author: TOY, İsmail
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7225786463
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