Abstract
Using a simple example of biological macromolecules which are partitioned between bulk solution and membrane, we investigate T.L. Hill's phenomenological nanothermodynamics for small systems. By introducing a {\em systems size dependent} equilibrium constant for the bulk-membrane partition, we obtain Hill's results on differential and integral chemical potentials and from computations based on standard Gibbsian equilibrium statistical mechanics. It is shown that their difference can be understood from an equilibrium re-partitioning between bulk and membrane fractions upon a change in system's size; it is closely related to the system's fluctuations and inhomogeneity. These results provide a better understanding of the nanothermodynamics and clarify its logical relation with the theory of statistical mechanics.
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