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Peng, K.-L.; Xue, X.; Yu, L.; Ren, Y. Inferencing Space Travel Pricing from Mathematics of General Relativity Theory, Accounting Equation, and Economic Functions. Mathematics2024, 12, 757.
Peng, K.-L.; Xue, X.; Yu, L.; Ren, Y. Inferencing Space Travel Pricing from Mathematics of General Relativity Theory, Accounting Equation, and Economic Functions. Mathematics 2024, 12, 757.
Peng, K.-L.; Xue, X.; Yu, L.; Ren, Y. Inferencing Space Travel Pricing from Mathematics of General Relativity Theory, Accounting Equation, and Economic Functions. Mathematics2024, 12, 757.
Peng, K.-L.; Xue, X.; Yu, L.; Ren, Y. Inferencing Space Travel Pricing from Mathematics of General Relativity Theory, Accounting Equation, and Economic Functions. Mathematics 2024, 12, 757.
Abstract
Generalized relativity theory represents the equivalence between the spatial geometric tensor and the energy-momentum tensor, explaining the principles of gravity and the motion of matter in spacetime. In the accounting equation of the supply side, assets equal to liabilities plus owner's equity can be used to explain space travel pricing through mathematical axiomatic set theory. Space travel pricing creates the equity premium effect on value-added assets with a short-term accounting equation inequality, then responds to the supplier’s incremental equity through closing accounts in a fixed financial period. On the demand side, the consumption of space travel can be assumed as a value at risk (VoR) investment to attain the specific spacetime curvature. Spacetime market equilibrium is then achieved to construct the space travel pricing model. The methodology of econophysics and analogy method were applied to infer the space travel pricing between the general relativity theory and the accounting equation. Results show that space travel pricing remains the principle of market equilibrium but needs to be extended to the spacetime scale.
Keywords
space travel price; general relativity theory; accounting equation; equity premium; axiomatic set theory
Subject
Business, Economics and Management, Economics
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Commenter: Kang-Lin PENG
Commenter's Conflict of Interests: Author