Complicated dynamics in a flow model of the labor market

Article Abstract:

A worker flow model, developed with a nonlinear and endogenous outflow rate from unemployment, generates a range of adjustment paths. Simulations show that the nonlinear outflow rate causes asymmetric adjustment of unemployment to the equilibrium rate of unemployment.

Forecasts, trends, outlooks, Unemployment, Models, Forecasts and trends, Market trend/market analysis, Labor market, Labour market

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Cooperation and wealth

Article Abstract:

The equilibrium fraction of cooperators in a population in which payoffs accrue from playing a single-shot prisoner's dilemma game is calculated. The results show that the equilibrium fraction of cooperators relates negatively to the population's level of wealth.

Influence, Wealth, Population growth, Distribution of wealth

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Anarchy in the laboratory (and the role of the state)

Article Abstract:

Empirical observations on government's function in implementing decision of individuals to allocate goods in anarchic state are presented.

South Korea, Management dynamics, Decision-making, Decision making, Management, Economic aspects, Company business management, Anarchism

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