Design Specifications and Instructional Manual for Job Market and Labor Allocation Model (JMLAM)
Abstract
The Job Market and Labor Allocation Model (JMLAM) was designed and developed as a software prototype to serve as a 'broker' between sellers (Sailors, who are sellers of labor) and a buyer (Detailer or fair broker, who is a buyer of labor). JMLAM attempts to model a flexible incentive system where sellers and a single buyer reveal his or her valuation for various job attributes using a competitive market setting. JMLAM provides a bidding or auction environment that allows a single buyer and multiple sellers to participate in a competitive labor market setting. The system contains a great deal of flexibility, in that the user can choose (1) from different auction rules (first price and a modified second price auction), (2) up to three attributes or templates, (3) the auction parameters, and (4) from a list of Naval occupations or a hypothetical good. JMLAM is designed to allow researchers to observe behavioral outcomes of subject interactions in a multi attribute incentive environment. What follows is a description of the basic JMLAM model, a discussion of the design specifications and instructions for the primary users, sellers, the buyer, and the super-user.
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 01, 2002
- Accession Number
- ADA408662
Entities
People
- Seung Y. Kim
- Tanja F. Blackstone
Organizations
- Navy Personnel Research, Studies, and Technology