Ex Ante Capacity Effects in Evolutionary Labor Markets with Adaptive Search

Leigh Tesfatsion ()

Labor and Demography from EconWPA

Abstract: This study reports on computational experiments for an agent-based labor market model with adaptive choice and refusal of worksite partners and with endogenously evolving worksite behaviors. Two treatment factors are experimentally varied: market structure; and ex ante capacity constraints on potential work offers and job openings. Particular attention is 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 of worksite interactions and welfare outcomes that these contractual networks support.

Keywords: labor markets; search and matching; contractual networks; endogenous interactions; adaptation and learning; evolutionary game; agent-based computational economics; C++ source code (search for similar items in EconPapers)
JEL-codes: J E (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ltv, nep-mic and nep-tid
Date: 1998-11-29
Note: Type of Document - postscript; prepared on PC using dvips applied to a LaTeX DVI file; to print on postscript printer , or any printer after opening with ps reader; pages: 38; figures: all but one included
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpla:9811003

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