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Backward unraveling over time: the evolution of strategic behavior in the entry level British medical labor markets

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dc.contributor.departmentDepartment of Economics
dc.contributor.kuauthorÜnver, Utku
dc.contributor.schoolcollegeinstituteCollege of Administrative Sciences and Economics
dc.date.accessioned2024-11-09T23:19:42Z
dc.date.issued2001
dc.description.abstractThis paper studies an evolutionary programming technique, namely a genetic algorithm, to analyze how a population of decision-makers learn to coordinate the selection of an equilibrium or a social convention in a two-sided matching game with incomplete information. In the contexts of centralized and decentralized entry-level labor markets, evolution and adjustment paths of unraveling are explored using this technique in an environment inspired by the Kagel and Roth (2000. Quarterly Journal of Economics 115(1), 201-235) experimental study. As an interesting result, it is demonstrated that stability need not be required for the success of a matching mechanism under incomplete information in the long run.
dc.description.indexedbyScopus
dc.description.indexedbyWOS
dc.description.issue45113
dc.description.openaccessNO
dc.description.publisherscopeInternational
dc.description.sponsoredbyTubitakEuN/A
dc.description.volume25
dc.identifier.doi10.1016/S0165-1889(00)00067-1
dc.identifier.eissnN/A
dc.identifier.issn0165-1889
dc.identifier.quartileQ3
dc.identifier.urihttps://doi.org/10.1016/S0165-1889(00)00067-1
dc.identifier.urihttps://hdl.handle.net/20.500.14288/10580
dc.identifier.wos168189100011
dc.keywordsGenetic algorithms
dc.keywordsLinear programming matching
dc.keywordsStability
dc.keywordsTwo-sided matching
dc.keywordsUnraveling
dc.language.isoeng
dc.publisherElsevier Science Bv
dc.relation.ispartofJournal of Economic Dynamics and Control
dc.subjectEconomics
dc.titleBackward unraveling over time: the evolution of strategic behavior in the entry level British medical labor markets
dc.typeJournal Article
dspace.entity.typePublication
local.contributor.kuauthorÜnver, M. Utku
local.publication.orgunit1College of Administrative Sciences and Economics
local.publication.orgunit2Department of Economics
person.familyNameÜnver
person.givenNameUtku
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relation.isParentOrgUnitOfPublication.latestForDiscovery972aa199-81e2-499f-908e-6fa3deca434a

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