Bose-Einstein distribution of money in a free-market economy. II
Department of Physics, Loughborough University - Leicestershire, LE11 3TU, UK, EU
2 Faculty of Physics, Vienna University - 5, Boltzmanngasse, A-1090 Vienna, Austria, EU
Accepted: 4 January 2011
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.
PACS: 89.65.-s – Social and economic systems / 89.65.Gh – Economics; econophysics, financial markets, business and management / 89.75.-k – Complex systems
© EPLA, 2011