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Most social scientists would reject the possibility of socio-economic analogues of the gas laws (Boyle’s and Charles’) on verisimilitude grounds. The gas laws relate the variables temperature, pressure, and volume. The possibility of socio-economic analogues of the gas laws and their...
Persistent link: https://www.econbiz.de/10011258869
The Inequality Process (IP) and the Saved Wealth Model (SW) are particle system models of income distribution. The IP’s social science meta-theory requires its stationary distribution to fit the distribution of labor income conditioned on education. The Saved Wealth Model (SW) is an ad hoc...
Persistent link: https://www.econbiz.de/10008839497
The aim of this paper is to show that the procedure of maximum entropy principle for the closure of the moments equations for rarefied monatomic gases can be extended also to polyatomic gases. The main difference with respect to the usual procedure is the existence of two hierarchies of...
Persistent link: https://www.econbiz.de/10011060572