TY  - RPRT
        AU  - Epstein, Gil S.
        TI  - Informational Cascades and Decision to Migrate
        PY  - 2002/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 445
        UR  - https://www.iza.org/publications/dp445
        AB  - 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.
        KW  - informational cascades
KW  - Migration
KW  - network externalities
KW  - herd behavior
KW  - xenophobia
        ER  -