Optimal Processes in Irreversible Microeconomics

Anatoly M. Tsirlin () and Vladimir Kazakov
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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

Interdisciplinary Description of Complex Systems - scientific journal, 2006, vol. 4, issue 2, 102-123

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.

Keywords: microeconomics; non-equilibrium thermodynamics; irreversibility (search for similar items in EconPapers)
JEL-codes: D51 (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:zna:indecs:v:4:y:2006:i:2:p:102-123

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