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dc.rights.licenseCC-BY-NC-ND
dc.contributor.advisorDuine, R.A.
dc.contributor.advisorRoij, R.H.H.G. van
dc.contributor.authorMulder, J.R.
dc.date.accessioned2019-08-20T17:00:45Z
dc.date.available2019-08-20T17:00:45Z
dc.date.issued2019
dc.identifier.urihttps://studenttheses.uu.nl/handle/20.500.12932/33485
dc.description.abstractThe model of V. M. Yakovenko and J. Barkley Rosser shows how maximization of entropy leads to exponential income distributions [Rev. Mod. Phys. 81, 1703.]. The simple agent-based model shows how inequality arises solely based on intrinsic statistical fluctuations. Using basic economic principles, we adapt this model multiple times to incorporate the trade between different types of goods. We find steady-state distributions of goods that are unequal, but different from the exponential distribution Yakovenko found. We examine the results and see that unequal income distributions lead to differences in demand and supply curves, and equilibrium prices, as compared to equal income distributions.
dc.description.sponsorshipUtrecht University
dc.format.extent2509815
dc.format.mimetypeapplication/pdf
dc.language.isoen_US
dc.titleStatistical-physics models for fluctuations and emergent inequality in economic systems
dc.type.contentMaster Thesis
dc.rights.accessrightsOpen Access
dc.subject.keywordsinequality, agent-based models, entropy, boltzmann distribution, econophysics, income distribution, fluctuation, complex system, economy, emergence, yakovenko
dc.subject.courseuuTheoretical Physics


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