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We discuss a family of models expressed by nonlinear differential equation systems describing closed market societies in the presence of taxation and redistribution. We focus in particular on three example models obtained in correspondence…

综合金融 · 定量金融 2014-03-19 Maria Letizia Bertotti , Giovanni Modanese

A microscopic dynamic model is here constructed and analyzed, describing the evolution of the income distribution in the presence of taxation and redistribution in a society in which also tax evasion and auditing processes occur. The focus…

综合金融 · 定量金融 2017-05-03 M. L. Bertotti , G. Modanese

We formulate a flexible micro-to-macro kinetic model which is able to explain the emergence of income profiles out of a whole of individual economic interactions. The model is expressed by a system of several nonlinear differential…

经济学 · 定量金融 2016-11-28 Maria Letizia Bertotti , Giovanni Modanese

We introduce a simple model of economy, where the time evolution is described by an equation capturing both exchange between individuals and random speculative trading, in such a way that the fundamental symmetry of the economy under an…

凝聚态物理 · 物理学 2007-05-23 Jean-Philippe Bouchaud , Marc Mezard

An heuristic model of the society, as an assembly of weakly interacting individuals, is discussed. The model allows to connect macroscopic phenomena with features of relations between individuals. Addressing to the problem of inequality, a…

生物物理 · 物理学 2023-10-16 Vladimir Pokrovskii

A simple heuristic model, including the multiple exchanges between economic agents, is used to explain the mechanism of emerging and maintenance of social inequality in the market economy. The model allows calculating a density function of…

生物物理 · 物理学 2023-03-16 Vladimir Pokrovskii

This paper proposes the k-generalized distribution as a model for describing the distribution and dispersion of income within a population. Formulas for the shape, moments and standard tools for inequality measurement - such as the Lorenz…

综合金融 · 定量金融 2009-01-31 F. Clementi , T. Di Matteo , M. Gallegati , G. Kaniadakis

Econophysics provides a strategy for understanding the potential mechanisms underlying the anomalous distribution of wealth found in real societies. We present a computational nonlinear stochastic model for the distribution of wealth that…

统计力学 · 物理学 2009-11-10 Nicola Scafetta , Bruce J. West , Sergio Picozzi

Economy is demanding new models, able to understand and predict the evolution of markets. To this respect, Econophysics offers models of markets as complex systems, that try to comprehend macro-, system-wide states of the economy from the…

交易与市场微观结构 · 定量金融 2015-05-20 Carmen Pellicer-Lostao , Ricardo Lopez-Ruiz

We investigate the effect of tax evasion on the income distribution and the inequality index of a society through a kinetic model described by a set of nonlinear ordinary differential equations. The model allows to compute the global…

综合金融 · 定量金融 2014-08-25 Maria Letizia Bertotti , Giovanni Modanese

Economy is demanding new models, able to understand and predict the evolution of markets. To this respect, Econophysics is offering models of markets as complex systems, such as the gas-like model, able to predict money distributions…

混沌动力学 · 物理学 2010-08-05 Carmen Pellicer-Lostao , Ricardo Lopez-Ruiz

The aim of this work is to establish the personal income distribution from the elementary constituents of a free market; products of a representative good and agents forming the economic network. The economy is treated as a self-organized…

综合金融 · 定量金融 2015-06-04 Joachim Kaldasch

Microscopic models describing a whole of economic interactions in a closed society are considered. The presence of a tax system combined with a redistribution process is taken into account, as well as the occurrence of tax evasion. In…

综合金融 · 定量金融 2017-01-11 M. L. Bertotti , G. Modanese

Financial markets are prominent examples for highly non-stationary systems. Sample averaged observables such as variances and correlation coefficients strongly depend on the time window in which they are evaluated. This implies severe…

统计金融 · 定量金融 2015-06-15 Thilo A. Schmitt , Desislava Chetalova , Rudi Schäfer , Thomas Guhr

This paper proposes a statistical mechanics approach to the analysis of income distribution and inequality. A new distribution function, having its roots in the framework of k-generalized statistics, is derived that is particularly suitable…

物理与社会 · 物理学 2009-02-23 F. Clementi , M. Gallegati , G. Kaniadakis

We introduce an auto-regressive model which captures the growing nature of realistic markets. In our model agents do not trade with other agents, they interact indirectly only through a market. Change of their wealth depends, linearly on…

综合金融 · 定量金融 2009-07-28 Urna Basu , P. K. Mohanty

We introduce and discuss optimal control strategies for kinetic models for wealth distribution in a simple market economy, acting to minimize the variance of the wealth density among the population. Our analysis is based on a finite time…

物理与社会 · 物理学 2018-10-25 Bertram Düring , Lorenzo Pareschi , Giuseppe Toscani

We develop a general framework to analyze the distribution functions of wealth and income. Within this framework we study wealth distribution in a society by using a model which turns on two-party trading for poor people while for rich…

统计力学 · 物理学 2008-12-02 Arnab Das , Sudhakar Yarlagadda

Under conditions of market equilibrium, the distribution of capital income follows a Pareto power law, with an exponent that characterizes the given equilibrium. Here, a simple taxation scheme is proposed such that the post-tax capital…

经济学 · 定量金融 2018-03-14 Jacques Tempere

This paper develops a nonparametric statistical model of wealth distribution that imposes little structure on the fluctuations of household wealth. In this setting, we use new techniques to obtain a closed-form household-by-household…

经济学 · 定量金融 2016-01-19 Ricardo T. Fernholz
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