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Scientific article
Open access
English

Impact of immigrants on a multi-agent economical system

Published inPLOS ONE, vol. 13, no. 5, e0197509
Publication date2018
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.

Keywords
  • Salaries
  • Economic agents
  • Economics of migration
  • Employment
  • Agent-based modeling
  • Social systems
  • Labor markets
  • Simulation and modeling
Citation (ISO format)
KAUFMANN, Léa Claire et al. Impact of immigrants on a multi-agent economical system. In: PLOS ONE, 2018, vol. 13, n° 5, p. e0197509. doi: 10.1371/journal.pone.0197509
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Article (Published version)
Identifiers
ISSN of the journal1932-6203
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