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| Main Authors: | , , |
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| Format: | Preprint |
| Published: |
2025
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| Subjects: | |
| Online Access: | https://arxiv.org/abs/2508.05810 |
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| _version_ | 1866911390920343552 |
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| author | Tobochnik, Jan Gould, Harvey Klein, William |
| author_facet | Tobochnik, Jan Gould, Harvey Klein, William |
| contents | An agent-based model of the economy is generalized to incorporate investment and guaranteed income mechanisms in addition to the exchange and distribution mechanisms considered in earlier models. We find realistic wealth distributions and realistic values of the Gini coefficients and the Pareto index. We also show that although the system reaches a steady state, the system is not in thermal equilibrium. The nonequilibrium behavior is associated with the multiplicative noise generated by the investment mechanism. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2508_05810 |
| institution | arXiv |
| publishDate | 2025 |
| record_format | arxiv |
| spellingShingle | Simulation of a generalized asset exchange model with investment and income mechanisms Tobochnik, Jan Gould, Harvey Klein, William Statistical Mechanics An agent-based model of the economy is generalized to incorporate investment and guaranteed income mechanisms in addition to the exchange and distribution mechanisms considered in earlier models. We find realistic wealth distributions and realistic values of the Gini coefficients and the Pareto index. We also show that although the system reaches a steady state, the system is not in thermal equilibrium. The nonequilibrium behavior is associated with the multiplicative noise generated by the investment mechanism. |
| title | Simulation of a generalized asset exchange model with investment and income mechanisms |
| topic | Statistical Mechanics |
| url | https://arxiv.org/abs/2508.05810 |