Related papers: A Spatially Extended Model for Residential Segrega…
We propose a simple semi-discrete spatial model where rents, wages and the density of population in a city can be deduced from free-mobility and equilibrium conditions on the labour and residential housing markets. We prove existence and…
AI-powered scarce resource allocation policies rely on predictions to target either specific individuals (e.g., high-risk) or settings (e.g., neighborhoods). Recent research on individual-level targeting demonstrates conflicting results;…
In recent years, there has been increasing attention to the spatial dimensions of residential segregation, such as the spatial arrangement of segregated neighborhoods and the geographic scale or relative size of segregated areas. However,…
We consider a model of nomadic agents exploring and competing for time-varying location-specific resources, arising in crowdsourced transportation services, online communities, and in traditional location based economic activity. This model…
We consider strategic games that are inspired by Schelling's model of residential segregation. In our model, the agents are partitioned into k types and need to select locations on an undirected graph. Agents can be either stubborn, in…
We investigate the unbiased model for money exchanges: agents give at random time a dollar to one another (if they have one). Surprisingly, this dynamics eventually leads to a geometric distribution of wealth (shown empirically by…
Binary kinetic exchange models, where money is shuffled between two agents at a time, reproduce the Boltzmann Gibbs exponential wealth distribution but cannot address the multi party trades common in real markets. We generalize the exchange…
Axelrod's model for the dissemination of culture combines two key ingredients of social dynamics: social influence, through which people become more similar when they interact, and homophily, which is the tendency of individuals to interact…
Immigrant residential segregation can profoundly shape access to opportunities, immigrant integration, and inter-group relations. Yet we lack systematic evidence on how segregation varies across Europe, and what structural factors are…
The "Money Exchange Model" is a type of agent-based simulation model used to study how wealth distribution and inequality evolve through monetary exchanges between individuals. The primary focus of this model is to identify the limiting…
This paper studies the evolution of economic activities using a continuous time-space aggregation-diffusion model, which encompasses competing effects of agglomeration and congestion. To bring the model to the real data, a novel…
Understanding how housing values evolve over time is important to policy makers, consumers and real estate professionals. Existing methods for constructing housing indices are computed at a coarse spatial granularity, such as metropolitan…
Our computational economic analysis investigates the relationship between inequality, mobility and the financial accumulation process. Extending the baseline model by Levy et al., we characterise the economic process through stylised return…
The impact of rising consumption on wealth inequality remains an open question. Here we revisit and extend the Social Architecture of Capitalism agent-based model proposed by Ian Wright, which reproduces stylized facts of wealth and income…
We develop a statistical framework for wealth allocation in which agents hold discrete units of wealth and macrostates are defined by how wealth is distributed across agents. The structure of the economic state space is characterized…
A long-standing expectation is that large, dense, and cosmopolitan areas support socioeconomic mixing and exposure between diverse individuals. It has been difficult to assess this hypothesis because past approaches to measuring…
In this work the system of agents is applied to establish a model of the nonlinear distributed signal processing. The evolution of the system of the agents - by the prediction time scale diversified trend followers, has been studied for the…
We consider an economic geography model with two inter-regional proximity structures: one governing goods trade and the other governing production externalities across regions. We investigate how the introduction of the latter affects the…
This work investigates a modified Schelling model within the scope and aims of Social Physics. The main purpose is to see if how the concepts of potential and kinetic energy can be represented within a computational sociological system. A…
We investigate a marriage divorces problem via agent - based modeling. Current value of socio-economic pressure p (main model parameter) drives the dynamic of first marriage, remarriage or spontaneously marriage breaks up. Model reflects…