This dissertation studies the potential effects of catch shares on land-based fish processors with a focus on the shoreside Pacific whiting fishery, the first U.S. fishery in which a portion of harvesting quota was allocated to the processing sector upon implementation of individual fishing quotas (IFQs) in 2011. The first ...

In this dissertation I explore the relationship between structural change and globalization. In particular, I focus on the impact of international trade on sectoral labor markets. In Chapter 1, by using a growth accounting framework I provide quantitative estimates of the impact of international trade on sectoral employment ...

In chapter one I study pairwise covariances of firm-level productivity, sales, and profit growth rates for public firms in the United States. The data suggest that pairwise covariances of firm growth rates drive the variance of aggregate growth rates in all three variables. High-productivity firms contribute most to aggregate ...

The thesis studies the topics of financial stability and their implication for financial economics. An exogenous shock to the financial system is critical because it can further result in an economic downturn. One of the reasons is that the financial system acts as a hub connecting all financial activities in the economy. In ...

This dissertation examines the determinants of portfolio inflows to emerging market economies with a special focus on Korea. Chapter 1, "The Determinants of Disaggregated Capital Inflows to Korea", studies the key factors in determining portfolio investment flows to Korea from four separate investment groups: global banks, ...

With high-quality household level asset holding data becoming available as well as the exponential increase in computing power, there is a growing literature that studies how households make investment decisions facing various types of uninsurable background risks. In this dissertation, I build theoretical models and conduct ...

This dissertation is a collection of essays on consumer's state dependent choice. In many consumers packaged goods markets, consumer's brand choice is highly persistent because of state dependence where past choice directly influence present choice. Chapter I investigates why consumer choices show state dependence by testing ...

Peer-to-Peer (P2P) markets have shown tremendous growth in the post-recession era, and three reasons contribute to their success. First, the economic surplus is generated for both buyers and sellers from the trade of a large selection of traditional products and services. Second, there exists easy instant access to the market ...

This doctoral dissertation establishes a comprehensive overview of the impacts of the mining industry in Sub-Saharan in three different sectors: gender-specific effects on employment, change in subnational migration flows and subsequent impacts on households’ welfare, and finally, the effects of remittances sent from mining ...

This dissertation is composed of three independent works in the field of Information Economics. Chapter 1 considers a Bayesian persuasion game in a new setting where a third party can endogenously choose to acquire outside information. I study how the precision of outside information or preferences of the signal-receivers can ...