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Taxes in a Wealth Distribution Model by Inelastically Scattering of Particles

  • Sebastian Guala

    ()

    (Universidad Nacional de General Sarmiento)

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    In this work we use an inelastic scattering process of particles to propose a model able to reproduce the salient features of the wealth distribution in an economy by including taxes to each trading process and redistributing that collected among the population according to a given criterion. Additionally, we show that different optimal levels of taxes may exist depending on the redistribution criterion.

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    File URL: http://indecs.eu/2009/indecs2009-pp1-7.pdf
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    Article provided by Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu in its journal Interdisciplinary Description of Complex Systems.

    Volume (Year): 7 (2009)
    Issue (Month): 1 ()
    Pages: 1-7

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    Handle: RePEc:zna:indecs:v:7:y:2009:i:1:p:1-7
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    16. Levy, Moshe & Solomon, Sorin, 1997. "New evidence for the power-law distribution of wealth," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 242(1), pages 90-94.
    17. Ausloos, Marcel & Pe¸kalski, Andrzej, 2007. "Model of wealth and goods dynamics in a closed market," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 373(C), pages 560-568.
    18. Bouchaud, Jean-Philippe & Mézard, Marc, 2000. "Wealth condensation in a simple model of economy," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 282(3), pages 536-545.
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