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Probability distributions of money, income, and energy consumption per capita are studied for ensembles of economic agents. The principle of entropy maximization for partitioning of a limited resource gives exponential distributions for the…

统计金融 · 定量金融 2010-09-02 Anand Banerjee , Victor M. Yakovenko

This article is a supplement to my main contribution to the Routledge Handbook of Complexity Economics (2023). On the basis of three recent papers, it presents an unconventional perspective on economic inequality from a statistical physics…

综合经济学 · 经济学 2023-07-06 Victor M. Yakovenko

Ambitious scenarios of carbon emission redistribution for mitigating climate change in line with the Paris Agreement and reaching the sustainable development goal of eradicating poverty have been proposed recently. They imply a strong…

物理与社会 · 物理学 2021-03-24 Gregor Semieniuk , Victor M. Yakovenko

The evolution of global income distribution from 1988 to 2018 is analyzed using purchasing power parity exchange rates and well-established statistical distributions. This research proposes the use of two separate distributions to more…

综合经济学 · 经济学 2025-12-16 J. D. A. Islas-García , M. del Castillo-Mussot , Marcelo B. Ribeiro

Using tax and census data, we demonstrate that the distribution of individual income in the USA is exponential. Our calculated Lorenz curve without fitting parameters and Gini coefficient 1/2 agree well with the data. From the individual…

统计力学 · 物理学 2009-02-25 Adrian Dragulescu , Victor M. Yakovenko

Politicians world-wide frequently promise a better life for their citizens. We find that the probability that a country will increase its {\it per capita} GDP ({\it gdp}) rank within a decade follows an exponential distribution with decay…

综合金融 · 定量金融 2012-09-14 Boris Podobnik , Davor Horvatic , Dror Y. Kenett , H. Eugene Stanley

The first part of this paper is a brief survey of the approaches to economic inequality based on ideas from statistical physics and kinetic theory. These include the Boltzmann kinetic equation, the time-reversal symmetry, the ergodicity…

物理与社会 · 物理学 2023-06-06 Danial Ludwig , Victor M. Yakovenko

This Chapter is written for the Festschrift celebrating the 70th birthday of the distinguished economist Duncan Foley from the New School for Social Research in New York. This Chapter reviews applications of statistical physics methods,…

统计金融 · 定量金融 2012-05-01 Victor M. Yakovenko

Air pollution generates substantial health damages and economic costs worldwide. Pollution exposure varies greatly, both between countries and within them. However, the degree of air quality inequality and its' trajectory over time have not…

综合经济学 · 经济学 2023-07-31 Lutz Sager

This work analyzes the Gompertz-Pareto distribution (GPD) of personal income, formed by the combination of the Gompertz curve, representing the overwhelming majority of the economically less favorable part of the population of a country,…

综合金融 · 定量金融 2010-12-17 F. Chami Figueira , N. J. Moura , Marcelo B. Ribeiro

The dependence of world GDP on current energy consumption and total energy produced over the previous period and materialized in the form of production infrastructure is studied. The dependence describes empirical data with high accuracy…

综合经济学 · 经济学 2020-06-16 Boris M. Dolgonosov

Entropy is being used in physics, mathematics, informatics and in related areas to describe equilibration, dissipation, maximal probability states and optimal compression of information. The Gini index on the other hand is an established…

物理与社会 · 物理学 2023-07-19 Tamás S. Biró , Zoltán Néda

Climate change has become intertwined with the global economy. Here, we describe the importance of inertia to continued growth in energy consumption. Drawing from thermodynamic arguments, and using 38 years of available statistics between…

综合经济学 · 经济学 2021-03-11 Timothy J. Garrett , Matheus R. Grasselli , Stephen Keen

This Colloquium reviews statistical models for money, wealth, and income distributions developed in the econophysics literature since the late 1990s. By analogy with the Boltzmann-Gibbs distribution of energy in physics, it is shown that…

统计金融 · 定量金融 2009-12-24 Victor M. Yakovenko , J. Barkley Rosser

Global historical series spanning the last two centuries recently became available for primary energy consumption (PEC) and Gross Domestic Product (GDP). Based on a thorough analysis of the data, we propose a new, simple macroeconomic model…

综合经济学 · 经济学 2021-11-03 Herve Bercegol , Henri Benisty

Personal income distribution in the USA has a well-defined two-class structure. The majority of population (97-99%) belongs to the lower class characterized by the exponential Boltzmann-Gibbs ("thermal") distribution, whereas the upper…

其他凝聚态物理 · 物理学 2008-12-02 A. Christian Silva , Victor M. Yakovenko

We study unit-level expenditure on consumption across multiple countries and multiple years, in order to extract invariant features of consumption distribution. We show that the bulk of it is lognormally distributed, followed by a power law…

The logistic function is used to forecast energy consumed worldwide. The logistic substitution model is used to describe the energy mix since 1965 presenting a picture significantly different from the one covering the previous 100 years. In…

物理与社会 · 物理学 2025-03-27 Theodore Modis

The atmosphere gains available potential energy by solar radiation and dissipates kinetic energy mainly in the atmospheric boundary layer. We analyze the fluctuations of the global mean energy cycle defined by Lorenz (1955) in a simulation…

大气与海洋物理 · 物理学 2018-08-08 Richard Blender , Denny Gohlke , Frank Lunkeit

In part I of this analysis, the striking similarities of the declining oil production in the North Sea, Indonesia and Mexico were used to model the future maximum possible oil production per annum in all larger countries and regions of the…

物理与社会 · 物理学 2017-08-11 Michael Dittmar
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