Optimal Processes in Irreversible Microeconomics

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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Year of publication:	2006
Authors:	Tsirlin, Anatoly M. ; Kazakov, Vladimir
Published in:	Interdisciplinary Description of Complex Systems - scientific journal. - Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, ISSN 1334-4676. - Vol. 4.2006, 2, p. 102-123
Publisher:	Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu
Subject:	microeconomics \| non-equilibrium thermodynamics \| irreversibility

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Extent:	application/pdf
Type of publication:	Article
Classification:	D51 - Exchange and Production Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005082585