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The apparently sub-optimal behaviour of economic agents in games against nature can be seen as a natural outcome of evolutionary processes. This paper extends previous work on the evolutionary stability of sub-optimal adaptations by examining how stability is affected by the introduction of...
Persistent link: https://www.econbiz.de/10005169482
Whilst a considerable amount of empirical work has been done on the relationship between wage levels, the degree of industrial concentration and unionism very little has been done on wage share. This is a rather surprising state of affairs given that a positive relationship between wage levels...
Persistent link: https://www.econbiz.de/10005178329
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The dominant explanation of spatial unemployment in the literature assumes that workers must live in an area in order to be able to access job offers. This gives rise to "compensating variations" in local wages and unemployment. However, for many occupations search is clearly conducted over...
Persistent link: https://www.econbiz.de/10005195395
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A labor-market model is constructed in which migration may exhibit distance deterrence and cumulative inertia. (Migration probabilities fall with distance and length of residence, respectively.) The combination of these two processes yields higher equilibrium unemployment rates in remote areas....
Persistent link: https://www.econbiz.de/10005683011
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This paper sets out a model of pay setting in a spatial context. Employers in an area face upward sloping labor supply curves due to search behavior on the part of workers. They set wages with the aim of meeting recruitment targets, drawing workers from the immediate area as well as the...
Persistent link: https://www.econbiz.de/10005686843
GORDON I. and MOLHO I. (1998) A multi-stream analysis of the changing pattern of interregional migration in Great Britain, 1960-1991, Reg. Studies, 32 , 309-323. This paper uses a combination of spatial and econometric modelling techniques to investigate longer term patterns and processes of...
Persistent link: https://www.econbiz.de/10005452473
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