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Optimal Processes in Irreversible Microeconomics

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Author Info
Anatoly M. Tsirlin () (Program Systems Institute of the Russian Academy of Sciences, Pereslavl-Zalesskij)
Vladimir Kazakov (School of Finance and Economics, University of Technology, Sydney)
Abstract

In this paper we consider optimal trading processes in economic systems. The analysis is based on accounting for irreversibility factor using wealth function concept.

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File URL: http://indecs.eu/2006/indecs2006-pp102-123.html
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Publisher Info
Article provided by Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu in its journal Interdisciplinary Description of Complex Systems.

Volume (Year): 4 (2006)
Issue (Month): 2 ()
Pages: 102-123
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:zna:indecs:v:4:y:2006:i:2:p:102-123

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For technical questions regarding this item, or to correct its listing, contact: (Josip Stepanic).

Related research
Keywords: microeconomics; non-equilibrium thermodynamics; irreversibility;

Find related papers by JEL classification:
D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies

Statistics
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This page was last updated on 2009-12-18.

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