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Ex Ante Capacity Effects in Evolutionary Labor Markets with Adaptive Search

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  • Tesfatsion, Leigh

Abstract

This study reports on computational experiments for an agent-based labor market-model-with adaptive choice'and refusal of work site' partners and with endogenously evolving work site behaviors. Two treatment factors ^e experimentally varied: market structure; and ex ante capacity constraints on potential work offers and job openings.- Particular attentions focused on experimentally determined correlations between treatment factors and the formation of contractual networks among workers and employers, and between' contractual network"formation and the'types'o!f work site interactions and welfare outcomes that these contractual networks support.

Suggested Citation

  • Tesfatsion, Leigh, 1998. "Ex Ante Capacity Effects in Evolutionary Labor Markets with Adaptive Search," ISU General Staff Papers 199810010700001046, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:199810010700001046
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    Cited by:

    1. Tesfatsion, Leigh, 1998. "Teaching Agent-Based Computational Economics to Graduate Students," ISU General Staff Papers 199807010700001043, Iowa State University, Department of Economics.
    2. Tomas B. Klos, 1999. "Decentralized Interaction and Co-Adaptation in the Repeated Prisoner&2018;s Dilemma," Computational and Mathematical Organization Theory, Springer, vol. 5(2), pages 147-165, July.

    More about this item

    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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