We formulate thermodynamics of economic systems in terms of an arbitrary probability distribution for a conserved economic quantity. As in statistical physics, thermodynamic macroeconomic variables emerge as the mean value of microeconomic variables and their determination is reduced to the computation of the partition function, starting from an arbitrary function. Explicit hypothetical example...

Designing an online resource exchange system is challenging, especially when that system is decentralized and its members fully autonomous. To facilitate the system architecture and protocol design, it is important to understand the behavior of the users and the impact system parameters play on their actions. In this paper we identify key attributes, such as trust and the rate of contribution, ...

Nowadays, globalisation is driving us to a process of transformation in economic performance, in shaping institutions and in the definition of economic policy. Globalisation is associated to positive aspects but also to mayor risks. Technology development, markets integration and international trade bring along with and increasing flow of commerce in terms of goods and services, capitals, techn...

In spite of large number of financial crises, often depicted as episodes of financial panic, the notion of panic in financial markets is not very well understood. Many have argued that in order to understand financial crises, and in particular panic events, we need to go beyond classic economic arguments. This paper is an effort in that direction, in which we attempt to give a psychological acc...

The United Nations has defined the inclusive community as “...promoting growth with equity, a place where everyone, regardless of their economic means, gender, race, ethnicity or religion, is enabled and empowered to fully participate in the social, economic and political opportunities that cities have to offer”. In this paper, the concept of walkability is viewed as an important tool towards t...