Impact of immigrants on a multi-agent economical system

Léa Kaufmann, Ranaivo Razakanirina, Derek Groen and Bastien Chopard

PLOS ONE, 2018, vol. 13, issue 5, 1-16

Abstract: We consider a multi-agent model of a simple economical system and study the impacts of a wave of immigrants on the stability of the system. Our model couples a labor market with a goods market. We first create a stable economy with N agents and study the impact of adding n new workers in the system. The time to reach a new equilibrium market is found to obey a power law in n. The new wages and market prices are observed to decrease as 1/n, whereas the wealth of agents remains unchanged.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:plo:pone00:0197509

DOI: 10.1371/journal.pone.0197509

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