Volume 93, Number 3, February 2011
|Number of page(s)||6|
|Section||Interdisciplinary Physics and Related Areas of Science and Technology|
|Published online||17 February 2011|
Socio-economic utility and chemical potential
LET Transport Economics Laboratory, Université Lyon-2 and CNRS - 14 Avenue Berthelot, F-69007 Lyon,
2 IXXI Complex Systems Institute - 5 rue du Vercors F-69007 Lyon, France, EU
3 Université de Lyon, Laboratoire de Physique, ENS Lyon, CNRS - 46 Allée d'Italie, F-69007 Lyon, France, EU
Accepted: 20 January 2011
In statistical physics, the conservation of particle number results in the equalization of the chemical potential throughout a system at equilibrium. In contrast, the homogeneity of utility in socio-economic models is usually thought to rely on the competition between individuals, leading to Nash equilibrium. We show that both views can be reconciled by introducing a notion of chemical potential in a wide class of socio-economic models, and by relating it in a direct way to the equilibrium value of the utility. This approach also allows the dependence of utility across the system to be determined when agents take decisions in a probabilistic way. Numerical simulations of a urban economic model also suggest that our result is valid beyond the initially considered class of solvable models.
PACS: 89.75.Fb – Structures and organization in complex systems / 02.50.Ey – Stochastic processes / 89.65.Lm – Urban planning and construction
© EPLA, 2011
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