The labour market on the hypercube

Tanya Araújo and Gérard Weisbuch

Physica A: Statistical Mechanics and its Applications, 2008, vol. 387, issue 5, 1301-1310

Abstract: Positions 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.

Keywords: Market bit-string dynamics transition (search for similar items in EconPapers)
Date: 2008
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Working Paper: The Labour Market on the Hypercube (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:387:y:2008:i:5:p:1301-1310

DOI: 10.1016/j.physa.2007.10.042

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