Volume 93, Number 2, March 2011
|Number of page(s)||5|
|Section||Interdisciplinary Physics and Related Areas of Science and Technology|
|Published online||04 February 2011|
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
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.