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Bose-Einstein distribution of money in a free-market economy. II

journal contribution
posted on 18.07.2013, 10:42 by Karl Kuerten, Feodor Kusmartsev
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.

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

2011

Notes

This article is closed access.

ISSN

0295-5075

Language

en

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