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Impact of immigrants on a multi-agent economical system
Léa Kaufmann1, Ranaivo Razakanirina1, Derek Groen2
1Computer science department, University of Geneva, Geneva, Switzerland.
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.
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