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Class formation in a social network with asset exchange

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Listed:
  • Christian H. Sanabria
  • R. Huerta-Quintanilla
  • M. Rodriguez-Achach

Abstract

We study two kinds of economic exchange, additive and multiplicative, in a system of N agents. The work is divided in two parts, in the first one, the agents are free to interact with each other. The system evolves to a Boltzmann-Gibbs distribution with additive exchange and condenses with a multiplicative one. If bankruptcy is introduced, both types of exchange lead to condensation. Condensation times have been studied. In the second part, the agents are placed in a social network. We analyze the behavior of wealth distributions in time, and the formation of economic classes was observed for certain values of network connectivity.

Suggested Citation

  • Christian H. Sanabria & R. Huerta-Quintanilla & M. Rodriguez-Achach, 2009. "Class formation in a social network with asset exchange," Papers 0905.4793, arXiv.org, revised Oct 2010.
  • Handle: RePEc:arx:papers:0905.4793
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