Kinetic models of conservative economies with wealth redistribution (Q2379847): Difference between revisions
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Latest revision as of 06:55, 5 March 2024
scientific article
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English | Kinetic models of conservative economies with wealth redistribution |
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Kinetic models of conservative economies with wealth redistribution (English)
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22 March 2010
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Kinetic models for wealth distribution in a simple market economy are discussed. The models are based on the equation with taxation/redistribution \[ \frac{\partial f(v, t)}{\partial t}=Q_\epsilon(f, f)(v,t)+R^\epsilon_\chi(f)(v, t), \] where \(f=f(v, t)\) is the distribution of wealth \(v\in\mathbb{R}_+\) at time \(t\geq 0\), the bilinear operator \(Q_\epsilon\) accounts for taxation in trades, the differential operator \(R^\epsilon_\chi\) accounts for redistribution and (possible) additional taxation. It is shown that in general the redistribution is able to modify the Pareto index, and that this modification can be quantified in terms of the redistribution operator.
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wealth and income distributions
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kinetic models
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Boltzmann equation
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taxation and redistribution
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