On the efficient resources distribution in economics based on entropy

I Antoniou, V.v Ivanov, A.v Kryanev, V.v Matokhin and M.v Shapovalov

Physica A: Statistical Mechanics and its Applications, 2004, vol. 336, issue 3, 549-562

Abstract: We generalize the approach developed in our previous work on the efficient resources distribution in economic systems with a small number of elements based on entropy. In order to take into account the asymmetric resources distribution, a new set of two-parameter interpolating functions is introduced. We demonstrate that the maximal value of entropy is reached only in case of asymmetric distribution of resources. First results on application of the generalized approach to the analysis of incomes distribution for Sweden and Russia populations have shown that the new scheme permits to estimate effectively the state of the analyzed system and control the resources distribution process.

Keywords: Economic system; Resource distribution; Entropy (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:336:y:2004:i:3:p:549-562

DOI: 10.1016/j.physa.2003.12.051

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