Impact of immigrants on a multi-agent economical system

0Citations
Citations of this article
6Readers
Mendeley users who have this article in their library.

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.

Cite

CITATION STYLE

APA

Kaufmann, L., Razakanirina, R., Groen, D., & Chopard, B. (2018). Impact of immigrants on a multi-agent economical system. PLoS ONE, 13(5). https://doi.org/10.1371/journal.pone.0197509

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free