Nonlinear redistribution of wealth from a stochastic approach

DOI10.1016/J.CHAOS.2022.112578OpenAlexW4293791338MaRDI QIDQ2111304FDOQ2111304

Authors: Hugo Lima, Allan R. Vieira, Celia Anteneodo 

Publication date: 13 January 2023

Published in: Chaos, Solitons and Fractals (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/2007.11680

zbMATH Keywords

Fokker-Planck equationyard-sale modelwealth distributionagent-based modelredistributive taxes

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Fokker-Planck equations (35Q84)

Cites Work

• A simple probabilistic approach of the yard-sale model
• The Fokker-Planck equation. Methods of solutions and applications.
• Basic kinetic wealth-exchange models: common features and open problems
• Inequality, a scourge of the XXI century
• The Nonuniversality of Wealth Distribution Tails Near Wealth Condensation Criticality
• Oligarchy as a phase transition: the effect of wealth-attained advantage in a Fokker-Planck description of asset exchange
• The affine wealth model: an agent-based model of asset exchange that allows for negative-wealth agents and its empirical validation
• Duality in an asset exchange model for wealth distribution

Cited In (3)

• Lorenz dominance and non-welfaristic redistribution
• Exponential wealth distribution : a new approach from functional iteration theory
• Evolution of wealth in a non-conservative economy driven by local Nash equilibria

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