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Ex Ante Capacity Effects in Evolutionary Labor Markets with Adaptive Search

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  • Tesfatsion, Leigh

Abstract

This study reports on computational experiments for an agent-based labor market-model-with adaptive choice'and refusal of work site' partners and with endogenously evolving work site behaviors. Two treatment factors ^e experimentally varied: market structure; and ex ante capacity constraints on potential work offers and job openings.- Particular attentions 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'o!f work site interactions and welfare outcomes that these contractual networks support.

Suggested Citation

  • Tesfatsion, Leigh, 1998. "Ex Ante Capacity Effects in Evolutionary Labor Markets with Adaptive Search," ISU General Staff Papers 199810010700001046, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:199810010700001046
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    2. Tesfatsion, Leigh, 1998. "Preferential Partner Selection in Evolutionary Labor Markets: A Study in Agent-Based Computational Economics," Staff General Research Papers Archive 2048, Iowa State University, Department of Economics.
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    6. Leigh TESFATSION, 1995. "A Trade Network Game With Endogenous Partner Selection," Economic Report 36, Iowa State University Department of Economics.
    7. Leigh Tesfatsion, 2002. "Agent-Based Computational Economics," Computational Economics 0203001, University Library of Munich, Germany, revised 15 Aug 2002.
    8. McFadzean, David & Tesfatsion, Leigh, 1999. "A C++ Platform for the Evolution of Trade Networks," Computational Economics, Springer;Society for Computational Economics, vol. 14(1-2), pages 109-134, October.
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    16. Leigh Tesfatsion, 1998. "Gale-Shapley Matching in an Evolutionary Trade Network Game," Game Theory and Information 9805004, University Library of Munich, Germany, revised 26 Jul 1998.
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    Cited by:

    1. Tesfatsion, Leigh, 1998. "Teaching Agent-Based Computational Economics to Graduate Students," ISU General Staff Papers 199807010700001043, Iowa State University, Department of Economics.
    2. Tomas B. Klos, 1999. "Decentralized Interaction and Co-Adaptation in the Repeated Prisoner&2018;s Dilemma," Computational and Mathematical Organization Theory, Springer, vol. 5(2), pages 147-165, July.

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    More about this item

    JEL classification:

    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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