@techreport{publications48304,
          volume = {23-1478},
           month = {October},
          author = {Romuald M{\'e}ango and Fran{\cc}ois Poinas},
          series = {TSE Working Paper},
       booktitle = {TSE Working Paper},
            type = {Working Paper},
         address = {Toulouse},
           title = {The (Option-)Value of Overstaying},
       publisher = {TSE Working Paper},
            year = {2023},
     institution = {Universit{\'e} Toulouse Capitole},
        keywords = {Subjective expectations, Intention to overstay, Asylum seekers, Germany, Afghanistan},
             url = {https://publications.ut-capitole.fr/id/eprint/48304/},
        abstract = {The paper is structured around three main contributions. First, it takes advan-tage of a unique survey on Afghan asylum seekers in Germany to provide novel descriptive insights into asylum seekers? beliefs about their outcomes and the as-sociated intention to overstay. Second, it estimates asylum seekers? perceived ex ante returns on overstaying, and option values of regularisation, deportation, and experimentation. Third, it assesses and rejects the cost-effectiveness argument for assisted voluntary return policies. Instead, it estimates a sizeable willingness-to-pay of asylum seekers for investments that would guarantee their regularisation.}
}