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Energy system optimization models (ESOMs) are designed to examine the potential effects of a proposed policy, but often represent energy-efficient technologies and policies in an overly simplified way. Most ESOMs include different end-use…
In this study, we introduce a physical model inspired by statistical physics for predicting price volatility and expected returns by leveraging Level 3 order book data. By drawing parallels between orders in the limit order book and…
The present paper reports our attempt to search for a new universal framework in nonequilibrium physics. We propose a thermodynamic formalism that is expected to apply to a large class of nonequilibrium steady states including a heat…
We construct the equation of state (EOS) of finite nuclei including surface and Coulomb effects in a Thomas-Fermi framework using a finite range, momentum and density dependent two-body interaction. We identify critical temperatures for…
Thermodynamics is commonly presented as a theory of macroscopic systems in stable equilibrium, built upon assumptions of extensivity and scaling with system size. In this paper, we present a universal formulation of the elementary…
An Equation of State (\textit{EoS}) closes the set of fluid equations. Although an ideal EoS with a constant \textit{adiabatic index} $\Gamma$ is the preferred choice due to its simplistic implementation, many astrophysical fluid…
Most of the econometric and econophysics models have been borrowed from the statistical physics, and as a cosequence, a new interdisciplinary science called econophysics has emerged. In this paper we planned to extend the analogy between…
A recently developed state-of-the-art agent-based simulation of power distribution systems is capable of modeling the thermal and demand response behavior of many thousands of thermostatic end-use loads. It computes the total power consumed…
A statistical model for the equation of state (EOS) and the composition of supernova matter is presented with focus on the liquid-gas phase transition of nuclear matter. It consists of an ensemble of nuclei and interacting nucleons in…
Generalization through novel interpretations of the inner logic of the century-old Gibbs' statistical thermodynamics is presented: i) Identifying $k_B\to 0$ as classical energetics, one directly derives a pair of thermodynamic variational…
In the first part of this paper (Sections 1-4), we study a standard exchange economy model with Cobb-Douglas type consumers and give a necessary and sufficient condition for the existence of an odd period cycle in the Walras-Samuelson…
Growing economic inequalities are observed in several countries throughout the world. Following Pareto, the power-law structure of these inequalities has been the subject of much theoretical and empirical work. But their nonequilibrium…
This paper attempts to analyze central place theory of spatial economics based on supply and demand theory in microeconomics and field theory in physics, and also discuss their relationship. Three most important research findings are…
The Peng-Robinson equation of state (PR-EoS) has become one of the most extensively applied equations of state in chemical engineering and petroleum industry due to its excellent accuracy in predicting the thermodynamic properties of a wide…
In this work we discuss a general approach for the dark energy thermodynamics considering a varying equation of state (EoS) parameter of the type $\omega(a)=\omega_0+F(a)$ and taking into account the role of a non-zero chemical potential…
This article aims at reviewing recent empirical and theoretical developments usually grouped under the term Econophysics. Since its name was coined in 1995 by merging the words Economics and Physics, this new interdisciplinary field has…
In average atom (AA) model, the entropy provides a route to compute thermal electronic contributions to the equation of state (EOS). The complete EOS comprises in many modelings an additional 0K-isotherm and a thermal ionic part. Even at…
This paper presents a conceptual model describing the medium and long-term co-evolution of natural and socio-economic subsystems of Earth. An economy is viewed as an out-of-equilibrium dissipative structure that can only be maintained with…
A thermodynamic equation of state (EOS) for thermoelectrons is derived which is appropriate for investigating the thermodynamic variations along isobaric paths. By using this EOS and the Wu-Jing (W-J) model, an extended Hugoniot EOS model…
The renowned van der Waals (VDW) state equation quantifies the equilibrium relationship between pressure $P$, volume $V$ and temperature $k_{B}T$ of a real gas. We assign new variable interpretations adapted to the economic context: $P…