Pingle, Mark; Tesfatsion, Leigh

Innovations in Economic and Financial Networks, Edward Elgar Publishing, New York, NY, (2003): 254-283.

This study uses an agent-based computational experiments to examine the effects of a non-employment payment on network formation and work-site behaviors among workers and employers participating in a sequential employment game with incomplete contracts. Findings are compared with those obtained for a parallel labor market experiment conducted with human subjects. Related work can be accessed at: http://www.econ.iastate.edu/tesfatsi/tnghome.htm

JEL Classification: C6, D4, E2, E6, J2, J6

Keywords: Agent-based test bed, Labor markets, unemployment benefits, computational experiments