A temporary equilibrium model for international migration.
"This paper is concerned with the existence of temporary equilibria of migration with an overlapping generation structure and analyzes some of its properties. In the first part of the paper sufficient conditions for the existence of a temporary equilibrium of migration (in a given period) are given. In the second part some interesting properties of migration equilibria are analyzed. In particular the effects of differing degrees of information of the individuals on migration equilibria are investigated. Furthermore, it is shown that incomplete information alone suffices to induce migration flows even between countries that can be regarded as 'identical' from an economic point of view."