Show simple item record

dc.contributor.advisorYuthana Sethapramoteth
dc.contributor.authorBurin Gumjudpaith
dc.date.accessioned2021-03-24T09:23:23Z
dc.date.available2021-03-24T09:23:23Z
dc.date.issued2019th
dc.identifier.otherb210885th
dc.identifier.urihttps://repository.nida.ac.th/handle/662723737/5163th
dc.descriptionThesis (M.E. (Financial Economics))--National Institute of Development Administration, 2019th
dc.description.abstractWe consider a group of information-symmetric consumers with one type of commodity in an efficient market. The commodity is fixed asset and is non-disposable. We are interested in seeing if there is some connection of thermodynamics formulation to microeconomics. We follow Carathéodory approach which requires empirical existence of equation of state (EoS) and coordinates before performing maximization of variables. In investigating EoS of various system for constructing the economics EoS, unexpectedly new insights of thermodynamics are discovered. With definition of truly endogenous function, criteria rules and diagrams are proposed in identifying the status of EoS for an empirical equation. The rules and diagrams are named effect structure rules and the effect structure diagrams. With the rules, EoS are classified into two classes. Applying the conventional thermodynamics and the new rules, we can identify demand-side economics EoS. The price takes a role of intensive variable, demand quantity as extensive variable and average personal wealth possessed by consumers as temperature. The economics EoS is of the new class, the Class III. We proposed exact form of the economics EoS for econometrics analysis. At last we propose the way to perform Monte-Carlo simulation for the EoS. Having explicitly known EoS of the economy and its coordinates lays reasonable assumptions of Hamiltonian and partition function which are central aspects in application of statistical mechanics to economics and finance.th
dc.description.provenanceMade available in DSpace on 2021-03-24T09:23:23Z (GMT). No. of bitstreams: 2 5710313001.pdf: 1945920 bytes, checksum: 13ed51131e76e5290b0d22f2e0764547 (MD5) license.txt: 115 bytes, checksum: 2047cfd32b272b6ffc853575a013e11b (MD5) Previous issue date: 1th
dc.format.extent80 leavesth
dc.format.mimetypeapplication/pdfth
dc.language.isoength
dc.publisherNational Institute of Development Administrationth
dc.rightsThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.th
dc.subjecte-Thesisth
dc.subject.otherEconomicsth
dc.subject.otherEconomics -- Methodologyth
dc.subject.otherThermodynamicsth
dc.titleThermodynamics formulation of economicsth
dc.title.alternativeรูปแบบอุณหพลศาสตร์ของเศรษฐศาสตร์th
dc.typeTextth
mods.genreThesisth
mods.physicalLocationNational Institute of Development Administration. Library and Information Centerth
thesis.degree.nameMaster of Economicsth
thesis.degree.levelMaster'sth
thesis.degree.disciplineFinancial Economicsth
thesis.degree.grantorNational Institute of Development Administrationth
thesis.degree.departmentSchool of Development Economicsth
dc.identifier.doi10.14457/NIDA.the.2019.57


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record