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

K. E. Kürten, F. V. Kusmartsev

Research output: Contribution to journalArticlepeer-review

11 Scopus citations

Abstract

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.

Original languageBritish English
Article number28003
JournalEurophysics Letters
Volume93
Issue number2
DOIs
StatePublished - Jan 2011

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