Does ¡°Higher Wall¡± Hinder Immigration?

Yasunori Fujita

Research in World Economy, 2018, vol. 9, issue 1, 34-38

Abstract: In the present paper, we examine if ¡°higher wall¡± really hinders immigration i.e., if tightening of border enforcement reduces immigration. The framework we construct is a stochastic one where an individual intends immigration under uncertainty that is expressed by geometric Brownian motion. It is revealed that ¡°higher wall¡±, contrary to the intention of regulatory authorities, does not hinder immigration.

Keywords: higher wall; immigration; optimal stopping theory; value of waiting (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:jfr:rwe111:v:9:y:2018:i:1:p:34-38

DOI: 10.5430/rwe.v9n1p34

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