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A minimal dissipation type-based classification in irreversible thermodynamics and microeconomics

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Abstract.

We formulate the problem of finding classes of kinetic dependencies in irreversible thermodynamic and microeconomic systems for which minimal dissipation processes belong to the same type. We show that this problem is an inverse optimal control problem and solve it. The commonality of this problem in irreversible thermodynamics and microeconomics is emphasized.

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Authors and Affiliations

  1. Program System Institute, Russian Academy of Sciences, 152020, set “Botik”, Pereaslavl-Zalesky, Russia

    A. M. Tsirlin & N. A. Kolinko

  2. School of Finance and Economics, University of Technology, PO Box 123 Broadway, NSW 2007, Sydney, Australia

    V. Kazakov

Authors
  1. A. M. Tsirlin
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  2. V. Kazakov
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  3. N. A. Kolinko
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Corresponding author

Correspondence to V. Kazakov.

Additional information

Received: 10 June 2003, Published online: 24 October 2003

PACS:

05.70.Ln Nonequilibrium and irreversible thermodynamics - 89.65.Gh Economics; econophysics, financial markets, business and management

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Tsirlin, A.M., Kazakov, V. & Kolinko, N.A. A minimal dissipation type-based classification in irreversible thermodynamics and microeconomics. Eur. Phys. J. B 35, 565–570 (2003). https://doi.org/10.1140/epjb/e2003-00309-x

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  • DOI: https://doi.org/10.1140/epjb/e2003-00309-x

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