Journal
PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS
Volume 387, Issue 5-6, Pages 1301-1310Publisher
ELSEVIER
DOI: 10.1016/j.physa.2007.10.042
Keywords
market bit-string dynamics transition
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Positions offered on a labour market and workers preferences are described here by bit strings representing individual traits. We study the co-evolution of workers and firms preferences modeled by such traits. Individual size-like properties are controlled by binary encounters whose outcomes depend 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. (c) 2007 Elsevier B.V. All rights reserved.
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