Incomplete Information and Migration: the Grass is Greener Across the Higher Fence*
Jeremiah M. Allen and
B. Eaton ()
Journal of Regional Science, 2005, vol. 45, issue 1, 1-19
Abstract:
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.
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jregsc:v:45:y:2005:i:1:p:1-19
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