We present here a general framework, expressed by a system of nonlinear differential equations, suitable for the modeling of taxation and redistribution in a closed society. This framework allows one to describe the evolution of income distribution over the population and to explain the...

The higher-end tail of the wealth distribution in India is studied using recently published lists of the wealth of richest Indians between the years 2002–2004. The resulting rank distribution seems to imply a power-law tail for the wealth distribution, with a Pareto exponent between 0.81 and...

We have numerically simulated the ideal-gas models of trading markets, where each agent is identified with a gas molecule and each trading as an elastic or money-conserving two-body collision. Unlike in the ideal gas, we introduce (quenched) saving propensity of the agents, distributed widely...

In this communication an adaptive process is introduced into a many-agent model for closed economic system in order to establish general features of income distribution. In this new version agents are able to modify their exchange parameter ωi of resources through an adaptive process. The...

We analyze the data on personal income distribution from the Australian Bureau of Statistics. We compare fits of the data to the exponential, log-normal, and gamma distributions. The exponential function gives a good (albeit not perfect) description of 98% of the population in the lower part of...

We show that within classical statistical mechanics it is possible to naturally derive power-law distributions which are of Tsallis type. The only assumption is that microcanonical distributions have to be separable from of the total system energy, which is reasonable for any sensible...

We revisit the well-known topics of self- and induced-screening in an otherwise isotropic neutral plasma/colloid. It is pointed out that the standard Debye–Hückel (DH) theory (ignoring finite size effects) suffers from many ambiguities related to net ionic numbers, total charge of the system,...

We show that within classical statistical mechanics, without taking the thermodynamic limit, the most general Boltzmann factor for the canonical ensemble is a q-exponential function. The only assumption here is that microcanonical distributions have to be separated from the total system energy,...

Starting from the Liouville equation and using a BBGKY-like hierarchy, we derive a kinetic equation for the point vortex gas in two-dimensional (2D) hydrodynamics, taking two-body correlations and collective effects into account. This equation is valid at the order 1/N where N≫1 is the number...