Modelling the Process of Market Emergence
This extension is natural and relatively straightforward to make in the programming language we have developed for such modelling. Indeed, we can be extremely flexible in the issues we approach by this means.
There is no reason why we could not find formalisms to represent the commitment (if it is still thought to have been inherited from the previous regime) of enterprise directors to total employment. Employment simply becomes one of the goal values of the enterprise. Moreover, we can represent enterprise-debtors as seeking to identify creditors whom they can most easily put off while paying those who can most easily ìpunishî arrears. We could then determine endogenously whether and under what conditions the workers turn out to be the least well protected.
The overall point here is that the formal methods we have adopted and developed do not constrain us to simplify our specification of behaviour and the environment in order to be able to apply a particular formalism such as mathematical programming. The development of the simulation set-up itself is instructive since the interim results often point out problems with formal representations of decision-making procedures that correspond to problems with actual procedures. This phenomenon is not unlike the outcome from systems dynamics simulation models.
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