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Stratification and Growth in Agent-based Matching Markets

  • James W. Boudreau

    (University of Connecticut
    University of Connecticut)

This paper examines the dynamic impact of matching on economic mobility and growth. To account for complex interactions over time, experimental economies of heterogeneous agents are simulated with the match process acting as a fitness selection mechanism. Even with perfect information and substantial variety in both offspring and entrants, two-sided matching inevitably causes the population to evolve into stratified groups. Corrective measures are possible to improve mobility, but by altering the path of market evolution, a policy may have unintended negative impacts on growth and inequality.

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Paper provided by University of Connecticut, Department of Economics in its series Working papers with number 2008-30.

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Length: 25 pages
Date of creation: May 2008
Date of revision:
Handle: RePEc:uct:uconnp:2008-30
Contact details of provider: Postal: University of Connecticut 365 Fairfield Way, Unit 1063 Storrs, CT 06269-1063
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