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Thermodynamics of markets

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Publication:2066060
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DOI10.1016/j.physa.2020.125699OpenAlexW3093648352MaRDI QIDQ2066060

Yanyan Li

Publication date: 13 January 2022

Published in: Physica A (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/2010.10260


zbMATH Keywords

econophysicseconomic systemfirst and second lawsthermodynamic parameters of the economic systemthermostatistics of the economic system


Mathematics Subject Classification ID

Statistical mechanics, structure of matter (82-XX)


Related Items (2)

Mathematical modeling of probability distribution of money by means of potential formation ⋮ Economic thermodynamics



Cites Work

  • Classical thermodynamics and economic general equilibrium theory
  • A statistical equilibrium theory of markets
  • Nonextensive statistical mechanics and economics
  • `Bosons' and `fermions' in social and economic systems
  • Econophysics and Physical Economics
  • On the origin of power-law tails in price fluctuations
  • Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States


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