Instantaneous Wealth Distribution in a Perpetual Youth Model

The Blanchard (1985) Model of Perpetual Youth

This handout analyzes a way to relax the standard assumption of infinite lifetimes in the Ramsey/Cass-Koopmans growth model. The trick, introduced by Blanchard (1985), is to assume that the economy is populated by agents who face a constant probability of death. Thus, an agent who has lived a thousand years is no more likely to die in the next year than an agent who was born yesterday. Time is ...

An Analysis to Wealth Distribution Based on Sugarscape Model in an Artificial Society

 In this paper an artificial society is being assumed as a multi agents system. A sugarscape model consisting of a cellular landscape of resources is used to form an interaction among the agents of the population. In the model, agents find the resources to survive. They are supposed to move and search and because of this movement, an evolutionary social behavior will develope. From model analys...

Non-uniform Wealth Distribution in a Simple Spatial Banking Model

A family-network model for wealth distribution in societies

A model based on first-degree family relations network is used to describe the wealth distribution in societies. The network structure is not a priori introduced in the model, it is generated in parallel with the wealth values through simple and realistic dynamical rules. The model has two main parameters, governing the wealth exchange in the network. Choosing their values realistically, leads ...

An equilibrium model of wealth distribution ¬リニ

I present an explicitly solved equilibrium model for the distribution of wealth and income in an incomplete-markets economy. I first propose a self-insurance model with an inter-temporally dependent preference [Uzawa, H. 1968. Time preference, the consumption function, and optimal asset holdings. In: Wolfe, J.N. (Ed.), Value, Capital, and Growth: Papers in Honour of Sir John Hicks. Edinburgh Un...