Production, Redistribution, and Inequality
We use an infinite-dimensional Lotka–Volterra model to analyze production, accumulation, and redistribution of wealth in an economy. We show that, if the amount of wealth produced in the economy is small relative to the amount redistributed, the eventual distribution of wealth will be extremely uneq...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Yaroslavl State University
2017-02-01
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| Series: | Modelirovanie i Analiz Informacionnyh Sistem |
| Subjects: | |
| Online Access: | https://www.mais-journal.ru/jour/article/view/422 |