Informational Cascades and Decision to Migrate

Gil Epstein

No 3287, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We introduce the idea that informational cascades can explain the observed regularity that emigrants from the same locations also tend to choose the same foreign locations. Thus informational cascades generates herd behaviour. Herd behaviour is compared with the network externalities explanation of the same phenomenon. The relation between social tensions and herd behaviour is observed when local populations are xenophobic.

Keywords: Migration; Informational cascades; Herd behaviour; Xenophobia; Network-externalities (search for similar items in EconPapers)
JEL-codes: F22 J61 (search for similar items in EconPapers)
Date: 2002-03
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Citations: View citations in EconPapers (33)

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