LEADER 05006nam 2200637Ia 450 001 9910144749903321 005 20170816122610.0 010 $a1-280-85442-1 010 $a9786610854424 010 $a3-527-60958-X 010 $a3-527-61000-6 035 $a(CKB)1000000000377394 035 $a(EBL)481292 035 $a(OCoLC)123897686 035 $a(SSID)ssj0000143837 035 $a(PQKBManifestationID)11160423 035 $a(PQKBTitleCode)TC0000143837 035 $a(PQKBWorkID)10144331 035 $a(PQKB)10771217 035 $a(MiAaPQ)EBC481292 035 $a(EXLCZ)991000000000377394 100 $a20061026d2006 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aEconophysics and sociophysics$b[electronic resource] $etrends and perspectives /$fedited by Bikas K. Chakrabarti, Anirban Chakraborti, and Arnab Chatterjee 210 $aWeinheim $cWiley-VCH$dc2006 215 $a1 online resource (650 p.) 300 $aDescription based upon print version of record. 311 $a3-527-40670-0 320 $aIncludes bibliographical references and index. 327 $aEconophysics and Sociophysics; Contents; Preface; List of Contributors; 1 A Thermodynamic Formulation of Economics; 1.1 Introduction; 1.2 Differential Forms; 1.2.1 Exact Differential Forms; 1.2.2 Not Exact Differential Forms; 1.2.3 The Integrating Factor; 1.2.4 The First and Second Law of Differential Forms; 1.2.5 Not Exact Differential Forms in Thermodynamics and Economics; 1.3 The First Law of Economics; 1.3.1 The First Law: Capital Balance of Production; 1.3.2 Work (W); 1.3.3 Surplus (?Q); 1.3.4 Capital (E); 1.4 The Second Law of Economics 327 $a1.4.1 The Second Law: Existence of a System Function (S)1.4.2 The Integrating Factor (T); 1.4.3 Entropy and Production Function (S); 1.4.4 Pressure and Personal Freedom; 1.4.5 The Exact Differential (dS(T,V)); 1.4.6 The Maxwell Relation; 1.4.7 Lagrange Function; 1.5 Statistics; 1.5.1 Combinations; 1.5.2 Normal Distribution; 1.5.3 Polynomial Distribution; 1.5.4 Lagrange Function in Stochastic Systems; 1.5.5 Boltzmann Distribution; 1.6 Entropy in Economics; 1.6.1 Entropy as a Production Function; 1.6.2 Entropy of Commodity Distribution; 1.6.3 Entropy of Capital Distribution 327 $a1.6.4 Entropy of Production1.6.5 Summary of Entropy; 1.7 Mechanism of Production and Trade; 1.7.1 The Carnot Process; 1.7.2 The Origin of Growth and Wealth; 1.7.3 World Trade Mechanism; 1.7.4 Returns; 1.8 Dynamics of Production: Economic Growth; 1.8.1 Two Interdependent Systems: Industry and Households; 1.8.2 Linear and Exponential Growth (0 1); 1.9 Conclusion; References; 2 Zero-intelligence Models of Limit-order Markets; 2.1 Introduction 327 $a2.2 Possible Zero-intelligence Models2.3 Data Analysis and Empirical Facts Regarding Statics; 2.4 Dynamics: Processes, Rates, and Relationships; 2.5 Resulting Model; 2.6 Results from the Model; 2.7 Analytic Studies: Introduction and Mean-field Approach; 2.8 Random-walk Analyses; 2.9 Independent Interval Approximation; 2.10 Concluding Discussion; References; 3 Understanding and Managing the Future Evolution of a Competitive Multi-agent Population; 3.1 Introduction; 3.2 A Game of Two Dice; 3.3 Formal Description of the System's Evolution; 3.4 Binary Agent Resource System 327 $a3.5 Natural Evolution: No System Management3.6 Evolution Management via Perturbations to Population's Composition; 3.7 Reducing the Future-Cast Formalism; 3.8 Concluding Remarks and Discussion; References; 4 Growth of Firms and Networks; 4.1 Introduction; 4.2 Growth of Firms; 4.2.1 Dataset of European Firms; 4.2.2 Pareto-Zipf's Law for Distribution; 4.2.3 Gibrat's Law for Growth; 4.2.4 Detailed Balance; 4.3 Pareto-Zipf and Gibrat under Detailed Balance; 4.3.1 Kinematics; 4.3.2 Growth of Firms and Universality of Zipf's Law; 4.4 Small and Mid-sized Firms 327 $a4.4.1 Data for Small and Mid-sized Firms 330 $aUsing tricks to handle coupled nonlinear dynamical many-body systems, several advancements have already been made in understanding the behavior of markets/economic/social systems and their dynamics. The book intends to provide the reader with updated reviews on such major developments in both econophysics and sociophysics, by leading experts in the respective fields. This is the first book providing a panoramic view of these developments in the last decade. 606 $aStatistical physics 606 $aPhysics 608 $aElectronic books. 615 0$aStatistical physics. 615 0$aPhysics. 676 $a530.1595 701 $aChakrabarti$b B. K$g(Bikas K.),$f1952-$047326 701 $aChakraborti$b Anirban$0856100 701 $aChatterjee$b Arnab$0856101 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910144749903321 996 $aEconophysics and sociophysics$91911314 997 $aUNINA