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In this paper, we present an agent-based model to verify the multiplier theory in macroeconomics and make an extension in the research of realization time of multiplier. We employ a simple model in which agents exchange money with each other and the multiplier effect is an emerging phenomenon of individual transactions. The model assumes that agents' expenditures would depend on their wealth and income...
In this paper, the authors investigate the phenomenon of mobility based on a random exchange model. Economic mobility is a supplemental index in evaluating and comparing inequalities with respect to wealth or income distribution. The dynamic characteristics of mobility can be fully exhibited by an agent-based model in which agents exchange money with each other, and the ranks of individuals always...
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