Preferential Partner Selection in Evolutionary Labor Markets: A Study in Agent-Based Computational Economics
This paper reports on computational experiments for an agent-based computational economics (ACE) model of a labor market with choice and refusal of contractual partners and endogenously evolving work-site behaviors. Three types of labor market structures are examined: two-sided markets comprising workers and employers; partially fluid markets comprising pure workers, pure employers, and agents capable of functioning both as workers and employers; and endogenous-type markets in which each agent is capable of functioning as both a worker and an employer. Particular attention is focused on experimentally determined correlations between market structure and the formation and evolution of contractual networks, and between contractual network formation and the types of work-site interactions and social welfare outcomes that these contractual networks support. Related work can be accessed at: http://www2.econ.iastate.edu/tesfatsi/tnghome.htm
|Date of creation:||01 Jan 1998|
|Contact details of provider:|| Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070|
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Roth, Alvin E. & Sotomayor, Marilda, 1992.
Handbook of Game Theory with Economic Applications,
in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 1, chapter 16, pages 485-541
- Leigh TESFATSION, 1995.
"A Trade Network Game With Endogenous Partner Selection,"
36, Iowa State University Department of Economics.
- Tesfatsion, Leigh, 1997. "A Trade Network Game with Endogenous Partner Selection," Staff General Research Papers Archive 1680, Iowa State University, Department of Economics.
- Diamond, Peter A, 1982.
"Aggregate Demand Management in Search Equilibrium,"
Journal of Political Economy,
University of Chicago Press, vol. 90(5), pages 881-894, October.
- David Banks & Kathleen Carley, 1994. "Metric inference for social networks," Journal of Classification, Springer;The Classification Society, vol. 11(1), pages 121-149, March.
- Stephen Nickell, 1997. "Unemployment and Labor Market Rigidities: Europe versus North America," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 55-74, Summer.
- Leigh TESFATSION, 1995.
"How Economists Can Get Alife,"
37, Iowa State University Department of Economics.
When requesting a correction, please mention this item's handle: RePEc:isu:genres:2048. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Curtis Balmer)
If references are entirely missing, you can add them using this form.