Theoretical and empirical research in economics suggests that bilateral migration triggers bilateral trade through a number of channels. This paper assesses the functional form of the impact of migration on trade flows in a quasi-experimental setting. We provide evidence that the relationship is...

Carbon tariff has been widely studied as a prominent climate policy in terms of its influences on the economy and the environment. However, previous studies of its effectiveness did not incorporate into the analysis of some key factors, including, notably, trade elasticities. This paper aims at...

Fractional trading (FT)—the ability to trade less than a full share—allows low-budget retail investors to trade high-priced stocks. This paper quantifies FT's impact on retail ownership and trading of high-priced stocks by exploiting its sequential introduction at four brokerage firms since...