The Effects of Taxes on Wealth Inequality in Artificial Chemistry Models of Economic Activity

07/03/2020

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by   Wolfgang Banzhaf, et al.

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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.