Kinetic models of conservative economies with need-based transfers as welfare

DOI10.3934/KRM.2020006zbMATH Open1434.35247OpenAlexW2993605414MaRDI QIDQ2176175FDOQ2176175

Authors Kirk Kayser, Dieter Armbruster, Michael Herty 

Publication date 4 May 2020

Published in Kinetic and Related Models (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3934/krm.2020006

zbMATH Keywords

simulationoptimal controlwelfarekinetic exchange modelswealth redistributionneed-based transfers

Mathematics Subject Classification ID

PDEs in connection with game theory, economics, social and behavioral sciences (35Q91) Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Kinetic theory of gases in time-dependent statistical mechanics (82C40) Welfare economics (91B15)

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Cites work

• A Boltzmann-type approach to the formation of wealth distribution curves
• Heuristics for the integer one-dimensional cutting stock problem: A computational study
• Interacting multiagent systems. Kinetic equations and Monte Carlo methods
• Kinetic models for optimal control of wealth inequalities
• Kinetic models of conservative economies with wealth redistribution
• On a kinetic model for a simple market economy
• Some kinetic models for a market economy
• Wealth redistribution in Boltzmann-like models of conservative economies

Cited in

(2)

• The nonuniversality of wealth distribution tails near wealth condensation criticality
• Survivor's dilemma: the evolution of cooperation in volatile environments

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