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

PLoS One. 2021 Aug 11;16(8):e0255719. doi: 10.1371/journal.pone.0255719. eCollection 2021.

Abstract

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.

MeSH terms

  • Humans
  • Income Tax / economics*
  • Income*
  • Models, Economic*
  • Socioeconomic Factors*

Grants and funding

The author(s) received no specific funding for this work.