We study a model of wealthdynamics (Physica A 282 (2000) 536) which mimics transactions among economic agents. The outcomes of the model are shown to depend strongly on the topological properties of the underlying transaction network. The extreme cases of a fully connected and a fully disconnected network yield power-law and log-normal forms of the wealth distribution, respectively. We perform numerical simulations in order to test the model on more complexnetwork topologies. We show that the mixed form of most empirical distributions (displaying a non-smooth transition from a log-normal to a power-law form) can be traced back to a heterogeneous topology with varying link density, which on the other hand is a recently observed property of real networks.

Garlaschelli, D., & Loffredo, M.I. (2004). Wealth dynamics on complex networks. PHYSICA. A, 338(1-2), 113-118 [10.1016/j.physa.2004.02.032].

Wealth dynamics on complex networks

LOFFREDO, MARIA IMMACOLATA
2004

Abstract

We study a model of wealthdynamics (Physica A 282 (2000) 536) which mimics transactions among economic agents. The outcomes of the model are shown to depend strongly on the topological properties of the underlying transaction network. The extreme cases of a fully connected and a fully disconnected network yield power-law and log-normal forms of the wealth distribution, respectively. We perform numerical simulations in order to test the model on more complexnetwork topologies. We show that the mixed form of most empirical distributions (displaying a non-smooth transition from a log-normal to a power-law form) can be traced back to a heterogeneous topology with varying link density, which on the other hand is a recently observed property of real networks.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11365/42185
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