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 actually an attractor. Only if agents are Bayesian and risk-averse is less information a barrier

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Year of publication:	2005
Authors:	Allen, Jeremiah M. ; Eaton, Buford Curtis
Publisher:	[S.l.] : SSRN
Subject:	Unvollkommene Information \| Incomplete information \| Mobilität \| Mobility \| Theorie \| Theory \| Standortwahl \| Location choice \| Risikopräferenz \| Risk attitude

Extent:	1 Online-Ressource (20 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Regional Science, Vol. 45, No. 1, pp. 1-19, February 2005
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014067304