• Title of article

    A macro-physics model of depreciation rate in economic exchange

  • Author/Authors

    Marmont Lobo، نويسنده , , Rui F. and de Sousa، نويسنده , , Miguel Rocha، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2014
  • Pages
    6
  • From page
    269
  • To page
    274
  • Abstract
    This article aims at a new approach for a known fundamental result: barter or trade increases economic value. It successfully bridges the gap between the theory of value and the exchange process attached to the transition from endowments to the equilibrium in the core and contract curve. First, we summarise the theory of value; in Section  2, we present the Edgeworth (1881) box and an axiomatic approach and in Section  3, we apply our pure exchange model. Finally (in Section  4), using our open econo-physics pure barter (EPB) model, we derive an improvement in value, which means that pure barter leads to a decline in depreciation rate.
  • Keywords
    Depreciation rate , Econo-physics pure barter model (EPB) , Pure barter , Edgeworth box , Theory of value
  • Journal title
    Physica A Statistical Mechanics and its Applications
  • Serial Year
    2014
  • Journal title
    Physica A Statistical Mechanics and its Applications
  • Record number

    1737863