File(s) under permanent embargo
Reason: This item is currently closed access.
Bose-Einstein distribution of money in a free-market economy. II
journal contributionposted on 2013-07-18, 10:42 authored 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.
CitationKUERTEN, 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.
PublisherIOP Publishing (© EPLA)
- NA (Not Applicable or Unknown)
NotesThis article is closed access.