Impact of immigrants on a multi-agent economical system.
basic_science · Level V
Where this comes from
- Record sourced from PubMed, PMID 29795633.
- Also identified by DOI 10.1371/journal.pone.0197509 and PMC identifier 5967755.
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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.
Medical subject headings
- Emigrants and Immigrants
- Emigration and Immigration
- Models, Econometric