Wealth condensation and "corruption" in a toy model

D. Johnston, Z. Burda, J. Jurkiewicz, M. Kamiński, M. A. Nowak, G. Papp, I. Zahed

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)


We discuss the wealth condensation mechanism in a simple toy economy in which individual agent's wealths are distributed according to a Pareto power law and the overall wealth is fixed. The observed behaviour is the manifestation of a transition which occurs in Zero Range Processes (ZRPs) or "balls in boxes" models. An amusing feature of the transition in this context is that the condensation can be induced by increasing the exponent in the power law, which one might have naively assumed penalised greater wealths more.

Original languageEnglish
Pages (from-to)2709-2717
Number of pages9
JournalActa Physica Polonica B
Issue number9
Publication statusPublished - Sept 2005
EventConference on Applications of Random Matrices to Economy and Other Complex Systems - Cracow, Poland
Duration: 25 May 200528 May 2005


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