The effects of taxes on wealth inequality in Artificial Chemistry models of economic activity.

PLoS One

Department of Computer Science and Engineering, Michigan State University, East Lansing, MI, United States of America.

Published: December 2021

We consider a number of Artificial Chemistry models for economic activity and what consequences they have for the formation of economic inequality. We are particularly interested in what tax measures are effective in dampening economic inequality. By starting from well-known kinetic exchange models, we examine different scenarios for reducing the tendency of economic activity models to form unequal wealth distribution in equilibrium.

Download full-text PDF

Source
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC8357169PMC
http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0255719PLOS

Publication Analysis

Top Keywords

economic activity
12
artificial chemistry
8
chemistry models
8
models economic
8
economic inequality
8
economic
5
effects taxes
4
taxes wealth
4
wealth inequality
4
inequality artificial
4

Similar Publications

Want AI Summaries of new PubMed Abstracts delivered to your In-box?

Enter search terms and have AI summaries delivered each week - change queries or unsubscribe any time!