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Bose-Einstein distribution of money in a free-market economy. II
journal contributionposted on 18.07.2013 by Karl Kuerten, Feodor Kusmartsev
Any type of content formally published in an academic journal, usually following a peer-review process.
We 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.