Stratified economic exchange on networks
J.L. Herrera, M.G. Cosenza, K. Tucci

TL;DR
This paper models stratified economic interactions on networks, revealing how local wealth differences and network topology influence wealth distribution patterns and inequality states.
Contribution
It introduces a network-based model incorporating wealth thresholds for interactions, analyzing pattern transitions and inequality measures in stratified economic systems.
Findings
Transition from laminar to turbulent states with parameter changes
High activity correlates with low wealth inequality
Network clustering affects wealth inequality but not activity
Abstract
We investigate a model of stratified economic interactions between agents when the notion of spatial location is introduced. The agents are placed on a network with near-neighbor connections. Interactions between neighbors can occur only if the difference in their wealth is less than a threshold value that defines the width of the economic classes. By employing concepts from spatiotemporal dynamical systems, three types of patterns can be identified in the system as parameters are varied: laminar, intermittent and turbulent states. The transition from the laminar state to the turbulent state is characterized by the activity of the system, a quantity that measures the average exchange of wealth over long times. The degree of inequality in the wealth distribution for different parameter values is characterized by the Gini Coefficient. High levels of activity are associated to low values…
Peer Reviews
No public reviews on file for this paper yet. If you reviewed it on a platform where reviews are public (OpenReview, ICLR, NeurIPS, ICML), you can paste yours below so the community can read it here.
Videos
No videos yet. Explain this paper in a talk, walkthrough, or lecture? Add one.
