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In many democratic countries immigrants obtain voting rights only after seveal years. This paper provides an explanation for this phenomenon in the framework of a dynamic migration model of two countries (North-South). In this framework individuals differ in their preferences regarding the...
Persistent link: https://www.econbiz.de/10005125872
The narrow applicability of Blackwell's result that "more information" is desirable, lies in the fact in economic models once a signal is observed by all economic agents their opportunity sets may vary. We show that Blackwell's theorem does not hold when the feasible set of actions is...
Persistent link: https://www.econbiz.de/10005135069