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Title:Informational Cascades and Decision to Migrate PDF Logo
Authors:Epstein, Gil S.
Issue Date:2002
Series/Report no.:IZA Discussion paper series 445
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 generate herd behavior. Herd behavior is compared with the network externalities explanation of the same phenomenon. The relation between social tensions and herd behavior is observed when local populations are xenophobic.
informational cascades
herd behavior
network externalities
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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