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At first glance, thermodynamic properties of gravity with asymptotically AdS conditions and those with box boundary conditions, where the spatial section of the boundary is a sphere of finite radius, appear similar. Both exhibit a similar phase structure and Hawking-Page phase transition. However, when we introduce a U(1) gauge field to the system, discrepancies in thermodynamic properties between the two cases has been reported in 7 (JHEP 11 (2016) 041). In this paper, by accepting the assumption that all Euclidean saddles contribute to the partition function, I found that these discrepancies are resolved due to the contribution from the "bag of gold (BG)," which is the class of Euclidean geometries whose area of bolt is bigger than that of the boundary. As a result, the Hawking-Page phase structure is restored, with the unexpected properties that the upper bound of thermodynamic entropy is always larger than the boundary area divided by 4G when the chemical potential is non-zero, and that such high entropy states are realized at sufficiently high temperature.
Shoichiro Miyashita (Sun,) studied this question.