A model is proposed that describes the evolution of a mixed state of a
quantum system for which gain and loss of energy or amplitude are present.
Properties of the model are worked out in detail. In particular, invariant
subspaces of the space of density matrices corresponding to the fixed points of
the dynamics are identified, and the existence of a transition between the
phase in which gain and loss are balanced and the phase in which this balance
is lost is illustrated in terms of the time average of observables. The model
is extended to include a noise term that results from a uniform random
perturbation generated by white noise. Numerical studies of example systems
show the emergence of equilibrium states that suppress the phase transition.Comment: 5 pages, 2 figures (published version