Claude Diebolt () (CNRS, Université Louis Pasteur de Strasbourg, Université Montpellier I & Humboldt-Universität zu Berlin) Bachir El-Murr () (Université libanaise)
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As a continuation of preceding publications in cliometrics (Diebolt, 1994, 1997, 2001, Diebolt & El Murr, 2003, 2004, Jaoul, 2004), this article develops 'cobweb' modelling of education-labour market relations applied to higher education. The research is an extension of the seminal work of Freeman (1971) and the book by Ehrenberg & Smith (1994). Our approach differs from this pioneer work in that cobweb effects are studied not only for a single labour market but for the general case of supply allocated to several markets.
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