Wealth redistribution in our small world

✍ Scribed by J.R. Iglesias; S. Gonçalves; S. Pianegonda; J.L. Vega; G. Abramson

• Book ID: 104340890
• Publisher: Elsevier Science
• Year: 2003
• Tongue: English
• Weight: 130 KB
• Volume: 327
• Category: Article
• ISSN: 0378-4371
• DOI: 10.1016/s0378-4371(03)00430-8

✦ Synopsis

We present a simpliÿed model for the exploitation of resources by interacting agents, in an economy with small-world properties. It is shown that Gaussian distributions of wealth, with some cuto at a poverty line are present for all values of the parameters, while the frequency of maxima and minima strongly depends on the connectivity and the disorder of the lattice. Finally, we compare a system where the commercial links are frozen with an economy where agents can choose their commercial partners at each time step.