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A Computational Laboratory for Evolutionary Trade Networks

McFadzean, David; Stewart, Deron; Tesfatsion, Leigh - EconWPA - 2000

This study presents, motivates, and illustrates the use of a computational laboratory for the investigation of evolutionary trade network formation among strategically interacting buyers, sellers, and dealers. The computational laboratory, referred to as the Trade Network Game Laboratory (TNG...

Persistent link: https://www.econbiz.de/10005134562

Structure, Behavior, and Market Power in an Evolutionary Labor Market with Adaptive Search

Tesfatsion, Leigh - EconWPA - 2000

This study uses an agent-based computational labor market framework to experimentally study the relationship between job capacity, job concentration, and market power. Job capacity is measured by the ratio of potential job openings to potential work offers, and job concentration is measured by...

Persistent link: https://www.econbiz.de/10005561498

Hysteresis in an Evolutionary Labor Market with Adaptive Search

Tesfatsion, Leigh - EconWPA - 2000

This study undertakes a systematic experimental investigation of hysteresis (path dependency) in an agent-based computational labor market framework. It is shown that capacity asymmetries between work suppliers and employers can result in two distinct hysteresis effects, network and behavioral,...

Persistent link: https://www.econbiz.de/10005561506

Transitions from unemployment in Poland: a multinomial logit analysis

Bukowski, Maciej; Lewandowski, Piotr - EconWPA - 2005

This paper presents the multinomial logit analysis based on the individual Polish LFS data stretched over the 1997-2004 period. It's main goal is to scrutinize the determinants of outflows from unemployment at the time when the two shocks have affected the Polish economy and labor market. It...

Persistent link: https://www.econbiz.de/10005556847

Worker-firm Matching and Unemployment in Transition to a Market

Munich, Daniel; Svejnar, Jan; Terrell, Katherine - EconWPA - 2001

Republics which in early 1990’s experienced a process close to a controlled experiment. Overall, our study suggests that the … unemployed in the outflow from unemployment, (3) a matching process with strongly increasing returns to scale throughout (rather …. Using the framework of matching functions we find that in many years the usual Cobb-Douglas specification and the hypothesis …

Persistent link: https://www.econbiz.de/10005407653

The Role of Institutions and Policies in Creating High European

Palley, Thomas I. - EconWPA - 2001

The conventional wisdom is that high European unemployment is the result of job markets that are rigid and inflexible. This paper presents new empirical evidence that challenges this received wisdom. A major contribution of the paper is that it fully accounts for both micro- and macroeconomic...

Persistent link: https://www.econbiz.de/10005412644

Duration and Risk of Unemployment in Argentina

Sebasti=E1n Galiani; Hopenhayn, Hugo A. - EconWPA - 2001

After a decade of structural reforms, unemployment rates have tripled in Argentina. This paper is concerned with the measurement of unemployment risk and its distribution. We show the importance of considering re-incidence in the measurement of risk and develop a methodology. Our estimates for...

Persistent link: https://www.econbiz.de/10005556763

The workers' value of the remaining employment contract duration

Ommeren, Jos Van; Hazans, Mihails - EconWPA - 2005

This paper introduces and applies a method for estimating workers' marginal willingness to pay for job attributes employing data on job search activity. Worker's willingness to pay for the remaining duration of the employment contract is derived. We provide evidence that workers attach...

Persistent link: https://www.econbiz.de/10005556782

Firm Heterogeneity and Worker Turnover

Lane, Julia I.; Isaac, Alan G.; Stevens, David W. - EconWPA - 1996

Previous emperical analyses of job mobility focus on worker rather than firm characteristics. This paper exploits a unique data set on enterprise employment. We describe sectoral difference in turnover rates and in the persistence of turnover. We also present evidence of persistent turnover...

Persistent link: https://www.econbiz.de/10005556831

Labor Supply and Child Care Costs: The Effect of Rationing

Boca, Daniela Del; Vuri, Daniela - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005125711