Dynamics of Wealth Inequality in Simple Artificial Societies

John C. Stevenson

Papers from arXiv.org

Abstract: A simple generative model of a foraging society generates significant wealth inequalities from identical agents on an equal opportunity landscape. These inequalities arise in both equilibrium and non-equilibrium regimes with some societies essentially never reaching equilibrium. Reproduction costs mitigate inequality beyond their affect on intrinsic growth rate. The highest levels of inequality are found during non-equilibrium regimes. Inequality in dynamic regimes is driven by factors different than those driving steady state inequality. Evolutionary pressures drive the intrinsic growth rate as high as possible, leading to a tragedy of the commons.

Date: 2021-08, Revised 2021-10
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Published in Advances in Social Simulation, (2021) Chapter 13, Ed. Czupryna M, Kamiriski B. Springer Nature, Switzerland AG

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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2108.11892

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