Stratification and Growth in Agent-based Matching Markets

James Boudreau ()

No 2008-30, Working papers from University of Connecticut, Department of Economics

Abstract: 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.

Keywords: Matching; stratification; path dependence. (search for similar items in EconPapers)
JEL-codes: C78 E24 O43 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2008-05
New Economics Papers: this item is included in nep-dev and nep-gth
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Related works:
Journal Article: Stratification and growth in agent-based matching markets (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:uct:uconnp:2008-30

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