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Impact of immigrants on a multi-agent economical system

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Listed:
  • Léa Kaufmann
  • Ranaivo Razakanirina
  • Derek Groen
  • Bastien Chopard

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.

Suggested Citation

  • Léa Kaufmann & Ranaivo Razakanirina & Derek Groen & Bastien Chopard, 2018. "Impact of immigrants on a multi-agent economical system," PLOS ONE, Public Library of Science, vol. 13(5), pages 1-16, May.
    • Handle: RePEc:plo:pone00:0197509
    DOI: 10.1371/journal.pone.0197509
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