Taxes in a simple wealth distribution model by inelastically scattering particles
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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- Sitabhra Sinha, 2005.
"Evidence for Power-law tail of the Wealth Distribution in India,"
- Sinha, Sitabhra, 2006. "Evidence for power-law tail of the wealth distribution in India," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 359(C), pages 555-562.
- Iglesias, J.R. & Gonçalves, S. & Pianegonda, S. & Vega, J.L. & Abramson, G., 2003. "Wealth redistribution in our small world," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 327(1), pages 12-17.
- Pianegonda, S & Iglesias, J.R & Abramson, G & Vega, J.L, 2003. "Wealth redistribution with conservative exchanges," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 322(C), pages 667-675.
- Pianegonda, S. & Iglesias, J.R., 2004. "Inequalities of wealth distribution in a conservative economy," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 342(1), pages 193-199.
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