Analysis of resources distribution in economics based on entropy

I Antoniou, V.v Ivanov, Yu.L Korolev, A.v Kryanev, V.v Matokhin and Z Suchanecki

Physica A: Statistical Mechanics and its Applications, 2002, vol. 304, issue 3, 525-534

Abstract: We propose a new approach to the problem of efficient resources distribution in different types of economic systems. We also propose to use entropy as an indicator of the efficiency of resources distribution. Our approach is based on methods of statistical physics in which the states of economic systems are described in terms of the density functions ρ(g,α) of the variable g parametrized by α. The parameter α plays a role of the integral characteristic of the state of the economic system. Having the density function ρ(g,α) we can use the corresponding entropy to evaluate the efficiency of the resources distribution. Our theoretical study have been tested on real data related to the portfolio investment.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:304:y:2002:i:3:p:525-534

DOI: 10.1016/S0378-4371(01)00575-1

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