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This paper shows the importance of correcting for sample selection when investing in illiquid assets with endogenous trading. Using a large sample of 20,538 paintings that were sold repeatedly at auction between 1972 and 2010, we find that paintings with higher price appreciation are more likely...
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: migration and informal markets. To mitigate the problems of both migration and the informal sector, and harness their … international migration and household investments addressing the problem of brain drain and the use of remittances. Es... …
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on gravity modeling and estimation for international trade and migration and on domestic firm-level labor market effects … of internationalization. Chapter 2 structurally estimates a micro-founded gravity equation for migration flows. For a … migration frictions. Chapter 3 asks how the welfare quantification of trade liberalization changes if one allows workers to be …
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