The emergence of the asset economy in advanced capitalist countries has enabled significant accumulation by high‐wealth individuals, and rise finance provided new, profitable investment vehicles for those with investable capital. This process been described as a form compensatory logic to achieve protection from future risks, especially current neoliberal environment governments reducing state ...

In this work, we modify the affine wealth model of distributions to examine effects nonconstant redistribution on very wealthy. Previous studies model, restricted flat schemes, have demonstrated presence a phase transition partially wealth-condensed state, or “partial oligarchy,” at critical value an order parameter. These also indicated exponential tail in distribution precisely criticality. A...

We show that wealth inequality in the UK is high and has increased slightly over past decade as financial asset prices have wake of crisis. But data deficiencies are a major barrier understanding true distribution, composition size household wealth. The most comprehensive survey does good job capturing vast majority but nearly £800 billion held by very wealthiest households missing. also find t...

This paper concerns two-hop communication over relay-assisted Block fading channel. It is assumed there is not a direct link between the transmitter and the affiliated destination and the communication occurs in two hops through the use of a relay, where the amplify and forward (AF) strategy is employed at this node. In this case, in a Rayleigh block fading channel, the optimal weight function ...

We measure wealth effects on consumption using a novel research design: responses to direct survey questions asking how much household would change in response unexpected (positive and negative) shocks own home value. The average effect is the 2-5% range, line with econometric estimates that associate changes housing realizations. However, our analysis uncovers significant heterogeneity. Extens...

the performance of many traffic control strategies depends on how much the traffic flow models are accurately calibrated. one of the most applicable traffic flow model in traffic control and management is lwr or metanet model. practically, key parameters in lwr model, including free flow speed and critical density, are parameterized using flow and speed measurements gathered by inductive loop d...