Geodesic
Mathematical models of economic systems with account of the irreversibility of processes proceeding in them
Modelirovanie i analiz informacionnyh sistem, Tome 17 (2010) no. 3, pp. 107-132

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In this paper we consider optimal trading processes in economic systems. The analysis is based on accounting for the irreversibility factor using the wealth function concept.
Keywords: macro systems, irreversibility, thermodynamics, economics. 
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     title = {Mathematical models of economic systems with account of the irreversibility of processes proceeding in them},
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A. M. Tsirlin. Mathematical models of economic systems with account of the irreversibility of processes proceeding in them. Modelirovanie i analiz informacionnyh sistem, Tome 17 (2010) no. 3, pp. 107-132. http://geodesic.mathdoc.fr/item/MAIS_2010_17_3_a7/