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Bose-Einstein distribution of money in a free-market economy. II
journal contribution
posted on 2013-07-18, 10:42 authored by Karl Kuerten, Feodor KusmartsevWe argue about the application of methods of statistical mechanics to free economy
(Kusmartsev F. V., Phys. Lett. A, 375 (2011) 966) and find that the most general distribution
of money or income in a free-market economy has a general Bose-Einstein distribution form.
Therewith the market is described by three parameters: temperature, chemical potential and the
space dimensionality. Numerical simulations and a detailed analysis of a generic model confirm
this finding.
History
School
- Science
Department
- Physics
Citation
KUERTEN, K.E. and KUSMARTSEV, F.V., 2011. Bose-Einstein distribution of money in a free-market economy. II. EPL (Eurphysics Letters), 93 (2), pp.28003-1 - 28003-5.Publisher
IOP Publishing (© EPLA)Version
- NA (Not Applicable or Unknown)
Publication date
2011Notes
This article is closed access.ISSN
0295-5075Publisher version
Language
- en
