We introduce the idea that informational cascades can explain the observed regularity that emigrants from the same location tend to choose the same foreign location. Thus, informational cascades generate herd behavior. Herd behavior is compared with the network-externalities explanation of the same phenomenon of migration clustering.
Epstein, G. (2010), "Chapter 2 Informational Cascades and the Decision to Migrate", Epstein, G. and Gang, I. (Ed.) Migration and Culture (Frontiers of Economics and Globalization, Vol. 8), Emerald Group Publishing Limited, Bingley, pp. 25-44. https://doi.org/10.1108/S1574-8715(2010)0000008008Download as .RIS
Emerald Group Publishing Limited
Copyright © 2010, Emerald Group Publishing Limited