Constructing games on networks for controlling the inequalities in the capital distribution

Jarosław Adam Miszczak

Physica A: Statistical Mechanics and its Applications, 2022, vol. 594, issue C

Abstract: The inequality in capital or resource distribution is among the important phenomena observed in populations. The sources of inequality and methods for controlling it are of practical interest. To study this phenomenon, we introduce a model of interaction between agents in the network designed for the purpose of reducing the inequality in the distribution of capital. To achieve the effect of inequality reduction we interpret the outcome of the elementary game played in the network such that the wining the game is translated into the reduction of the inequality. We study different interpretations of the introduced scheme and their impact on the behaviour of agents in the terms of the capital distribution and we provide examples based on the capital dependent Parrondo’s paradox. The results presented in this study provide insight into the mechanics of the inequality formation in the society.

Keywords: Social inequality; Matthew effect; Parrondo’s games; Agent-based modelling (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0378437122000802
Full text for ScienceDirect subscribers only. Journal offers the option of making the article available online on Science direct for a fee of $3,000

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:594:y:2022:i:c:s0378437122000802

DOI: 10.1016/j.physa.2022.126997

Access Statistics for this article

Physica A: Statistical Mechanics and its Applications is currently edited by K. A. Dawson, J. O. Indekeu, H.E. Stanley and C. Tsallis

More articles in Physica A: Statistical Mechanics and its Applications from Elsevier
Bibliographic data for series maintained by Catherine Liu ().