Incomplete Information and Migration: the Grass is Greener Across the Higher Fence

Jeremiah M. Allen and B. Curtis Eaton ()

Journal of Regional Science, 2005, vol. 45, issue 1, pages 1-19

Abstract: Less information about a location has long been believed to be a barrier to new migration to that location. Diverse empirical results support this belief. Here we show that if agents are risk-neutral, less information about a location not only is "not" a barrier to migration to that location, it is actually an "attractor". Only if agents are Bayesian and risk-averse is less information a barrier. Copyright Blackwell Publishers, 2005

Date: 2005
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