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Experimental evidence for the interplay between individual wealth and transaction network
Experimental evidence individual wealth transaction network
2010/10/18
We conduct a market experiment with human agents in order to explore the structure of transaction networks and to study the dynamics of wealth accumulation. The experiment is carried out on our platf...
Economic interactions and the distribution of wealth
wealth distribution incomplete markets earnings distribution capital income taxation productivity shocks portfolio diversification
2010/11/1
This paper analyzes the equilibriumdistribution ofwealth in an economywhere firms’productivities are subject to idiosyncratic shocks, returns on factors are determined
in competitivemarkets, dynastie...