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On the efficient resources distribution in economics based on entropy

Author

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  • Antoniou, I
  • Ivanov, V.V
  • Kryanev, A.V
  • Matokhin, V.V
  • Shapovalov, M.V

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.

Suggested Citation

  • Antoniou, I & Ivanov, V.V & Kryanev, A.V & Matokhin, V.V & Shapovalov, M.V, 2004. "On the efficient resources distribution in economics based on entropy," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 336(3), pages 549-562.
    • Handle: RePEc:eee:phsmap:v:336:y:2004:i:3:p:549-562
    DOI: 10.1016/j.physa.2003.12.051
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    References listed on IDEAS

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    1. Antoniou, I & Ivanov, V.V & Korolev, Yu.L & Kryanev, A.V & Matokhin, V.V & Suchanecki, Z, 2002. "Analysis of resources distribution in economics based on entropy," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 304(3), pages 525-534.
    2. Jean-Philippe Bouchaud & Marc Mezard, 2000. "Wealth condensation in a simple model of economy," Science & Finance (CFM) working paper archive 500026, Science & Finance, Capital Fund Management.
    3. Adrian Dragulescu & Victor M. Yakovenko, 2000. "Statistical mechanics of money," Papers cond-mat/0001432, arXiv.org, revised Aug 2000.
    4. Bouchaud, Jean-Philippe & Mézard, Marc, 2000. "Wealth condensation in a simple model of economy," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 282(3), pages 536-545.
    5. Anirban Chakraborti & Bikas K. Chakrabarti, 2000. "Statistical mechanics of money: How saving propensity affects its distribution," Papers cond-mat/0004256, arXiv.org, revised Jun 2000.
    6. A. Chakraborti & B.K. Chakrabarti, 2000. "Statistical mechanics of money: how saving propensity affects its distribution," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 17(1), pages 167-170, September.
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