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
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