This paper presents a multinomial choice model with social interactions in an incomplete network. Individuals form heterogenous rational expectations about the behavior of peers by taking into account their characteristics and the strength of their ties. We show the network conditions under...

We estimate a long-run trend of Brazilian human capital that extends back to the very beginning of the 18th century. With new data on selective immigration during the era of mass migrations at the end of the 19th century, we show that human capital endowment of international migrants can induce...

Was beeinflusst den Studienerfolg eines betriebswirtschaftlichen Studiums in Form der erreichten Abschlussnote? Aus der Perspektive der Studierenden, der staatlichen Hochschulpolitik und der Hochschulen sind dabei unterschiedliche Einflussfaktoren von Bedeutung: Die Note der...