The labour market on the hypercube
AbstractPositions 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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Bibliographic InfoArticle provided by Elsevier in its journal Physica A: Statistical Mechanics and its Applications.
Volume (Year): 387 (2008)
Issue (Month): 5 ()
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Web page: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/
Market bit-string dynamics transition;
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