OPTIMAL PROCESSES IN
IRREVERSIBLE MICROECONOMICS

Anatoly M. Tsirlin1, Vladimir Kazanov2

1Program Systems Institute, Russian Academy of Sciences
  Pereslavl-Zalesskij, Russia
2School of Finance & Economics, Uneversity of Technology
  Sydney, Australia

Received: 11 October, 2006. Accepted: 15 January, 2007.

SUMMARY

In this paper we consider optimal trading processes in economic systems. The analysis is based on accounting for irreversibility factor using wealth function concept.

KEY WORDS

microeconomics, non-equilibrium thermodynamics, irreversibility

CLASSIFICATION

PACS: 05.70.Ln, 28.60.+s

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