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Keywords: entropy maximization
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Journal Articles
Economic Arbitrage and the Econophysics of Income Inequality
Available to Purchase
Journal:
Review of Behavioral Economics
Review of Behavioral Economics (2020) 7 (4): 299–315.
Published: 10 December 2020
... distributions of wages, rates of return on assets, and property income. In the energy conservation approach, stationary distributions are derived from the assumption of entropy maximization. In both stochastic dynamics approaches, the dynamic paths give rise to stationary distributions that turn out...
