  We introduce a new transfer matrix method for calculating the thermodynamic
properties of random-tiling models of quasicrystals in any number of
dimensions, and describe how it may be used to calculate the phason elastic
properties of these models, which are related to experimental measurables such
as phason Debye-Waller factors, and diffuse scattering wings near Bragg peaks.
We apply our method to the canonical-cell model of the icosahedral phase,
making use of results from a previously-presented calculation in which the
possible structures for this model under specific periodic boundary conditions
were cataloged using a computational technique. We give results for the
configurational entropy density and the two fundamental elastic constants for a
range of system sizes. The method is general enough allow a similar calculation
to be performed for any other random tiling model.
