571 citations · 5k across the 94 of their papers we have counts for
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Applications of statistical mechanics to economics: Entropic origin of the probability distributions of money, income, and energy consumption
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 Chap…
Statistical mechanics of money, debt, and energy consumption
Victor M. Yakovenko
We briefly review statistical models for the probability distribution of money developed in the econophysics literature since the late 1990s. In these models, economic transactions…
Statistical mechanics approach to the probability distribution of money
Victor M. Yakovenko
This Chapter reviews statistical models for the probability distribution of money developed in the econophysics literature since the late 1990s. In these models, economic transacti…
Universal patterns of inequality
Anand Banerjee, Victor M. Yakovenko
Probability distributions of money, income, and energy consumption per capita are studied for ensembles of economic agents. The principle of entropy maximization for partitioning o…
Colloquium: Statistical mechanics of money, wealth, and income
Victor M. Yakovenko, J. Barkley Rosser
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-…
Econophysics, Statistical Mechanics Approach to
Victor M. Yakovenko
This is a review article for Encyclopedia of Complexity and System Science, to be published by Springer http://refworks.springer.com/complexity/. The paper reviews statistical mode…