Incomplete Information and Migration: the Grass is Greener Across the Higher Fence
. 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...
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Veröffentlicht in: | Journal of regional science 2005-02, Vol.45 (1), p.1-19 |
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Hauptverfasser: | , |
Format: | Artikel |
Sprache: | eng |
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Online-Zugang: | Volltext |
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Zusammenfassung: | . 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. |
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ISSN: | 0022-4146 1467-9787 1467-9787 |
DOI: | 10.1111/j.0022-4146.2005.00362.x |