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The ability to model a local political-economy has been around for a long time: SimCity does as good a job as one can expect given their limitations and methodology. And since,
On January 10, 2008 the SimCity source code was released under the free software GPL 3 license under the name Micropolis.

that's where I'd start my research.  If I was going to do something ... which I'm not¹.  
How clean is the SimCity codebase?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Sun Apr 26th, 2009 at 04:02:50 AM EST
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How clean is the SimCity codebase?
And how well annotated is it?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Apr 26th, 2009 at 04:51:05 PM EST
[ Parent ]
According to the wiki article the Micropolis codebase is a reworked C++ version of the original C code of the X11 port of SimCity... So, there is hope...

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Mon Apr 27th, 2009 at 04:03:19 AM EST
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