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The labour market on the hypercube

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Author Info

  • Araújo, Tanya
  • Weisbuch, Gérard

Abstract

Positions offered on a labour market and workers preferences are described here by bit strings representing individual traits. We study the co-evolution of workers and firms preferences modeled by such traits. Individual “size-like” properties are controlled by binary encounters whose outcomes depend upon a recognition process. Depending upon the parameter set-up, mutual selection of workers and positions results in different types of attractors, either an exclusive niches regime or a competition regime.

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File URL: http://www.sciencedirect.com/science/article/pii/S0378437107011260
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Bibliographic Info

Article provided by Elsevier in its journal Physica A: Statistical Mechanics and its Applications.

Volume (Year): 387 (2008)
Issue (Month): 5 ()
Pages: 1301-1310

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Handle: RePEc:eee:phsmap:v:387:y:2008:i:5:p:1301-1310

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Web page: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/

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Keywords: Market bit-string dynamics transition;

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  1. Tanya Araujo & R. Vilela Mendes, 2006. "Market-oriented innovation: When is it profitable? An abstract agent-based study," Working Papers Department of Economics 2006/31, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.
  2. Christopher A. Pissarides, 2000. "Equilibrium Unemployment Theory, 2nd Edition," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262161877, December.
  3. Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, American Economic Association, vol. 74(3), pages 433-44, June.
  4. Challet, Damien & Zhang, Yi-Cheng, 1998. "On the minority game: Analytical and numerical studies," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 256(3), pages 514-532.
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