The Labour Market on the Hypercube

Tanya Araújo and Gérard Weisbuch

No 2007/24, Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa

Abstract: Positions offered on a labour market and workers preferences are here described by bit-strings representing individual traits. We study the co-evolution of workers and firm preferences modeled by such traits. Individual ”size-like” properties are controlled by binary encounters which outcome depends 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.

Date: 2007
New Economics Papers: this item is included in nep-lab
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Journal Article: The labour market on the hypercube (2008)
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More papers in Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa Department of Economics, ISEG - Lisbon School of Economics and Management, Universidade de Lisboa, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL.
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