Empirical Evidence from the Executive Labor Market, Reciprocal Relationships and Mechanism Design, Reciprocal relationships and mechanism design, Canadian Journal of Economics/Revue canadienne d'conomique, On the Revelation Principle and Reciprocal Mechanisms in Competing Mechanism Games, Other Regarding Preferences: Outcomes, Intentions, or Interdependence, Non-cooperative foundations of hedonic equilibrium, The Pre-Marital Investment Game: Addendum, Technical Appendix to Internet Auctions with Many Traders, Unobservable Heterogeneity in Directed Search, Internet Trading Mechanisms And Rational Expectations, Econometric Society 2004 North American Winter Meetings, Pure Strategies and No Externalities with Multiple Agents, Negotiation and Take it or Leave it in Common Agency, Negotiation and take it or leave it in common agency, Common Agency and the Revelation Principle, Limits of Exact Equilibria for Capacity Constrained Sellers with costlySearch, Limits of Exact Equilibria for Capacity Constrained Sellers with Costly Search, Competition Among Mechanism Designers in a Common Value Environment, Competition among mechanism designers in a common value environment, A Revelation Principle For Competing Mechanisms, A Revelation Principle for Competing Mechanisms, On the Equivalence of Walrasian and Non-Walrasian Equilibria in Contract Markets: The case of Complete Contracts, Competition Among Sellers who offer Auctions Instead of Prices, Competition among Sellers Who Offer Auctions Instead of Prices, Dynamic Monopoly Power When Search is Costly, Noncontractible Heterogeneity in Directed Search, Erratum to "Negotiation and take it or leave it in common agency": [Journal of Economic Theory 111 (2003) 88-109], Pure strategy and no-externalities with multiple agents, Decentralized Markets and Endogenous Institutions, Incentive-Consistent Matching Processes for Problems with ex Ante Pricing, Equilibrium Mechanisms in a Decentralized Market, On the Efficiency of Ex Ante and Ex Post Pricing Institutions, Ex Ante Price Offers in Matching Games Non-steady States, Research and development with publicly observable outcomes, Bertrand Equilibrium with Capacity Constraints and Restricted Mobility, Market Equilibrium and the Resolution of Uncertainty, Labour contracts in a stock market economy, Number of Distinct Works, Weighted by Simple Impact Factor, Number of Distinct Works, Weighted by Recursive Impact Factor, Number of Distinct Works, Weighted by Number of Authors and Simple Impact Factors, Number of Distinct Works, Weighted by Number of Authors and Recursive Impact Factors, Number of Citations, Weighted by Simple Impact Factor, Number of Citations, Weighted by Recursive Impact Factor, Number of Citations, Weighted by Recursive Impact Factor, Discounted by Citation Age, Number of Citations, Weighted by Number of Authors, Number of Citations, Weighted by Number of Authors and Simple Impact Factors, Number of Citations, Weighted by Number of Authors and Simple Impact Factors, Discounted by Citation Age, Number of Citations, Weighted by Number of Authors and Recursive Impact Factors, Number of Citations, Weighted by Number of Authors and Recursive Impact Factors, Discounted by Citation Age, Number of Journal Pages, Weighted by Simple Impact Factor, Number of Journal Pages, Weighted by Recursive Impact Factor, Number of Journal Pages, Weighted by Number of Authors, Number of Journal Pages, Weighted by Number of Authors and Simple Impact Factors, Number of Journal Pages, Weighted by Number of Authors and Recursive Impact Factors, Queen's Economics Department PhD Graduates, 1980 Economics Department; Queen's University (from, Li, Kun & Peters, Michael & Xu, Pai, 2013. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . New research by Yale Economist Michael Peters, new paper, published in Econometrica last month, New Research by Michael Peters on the Economic Consequences of Refugee Settlements. These mass migrations also led to a long-term increase in income-per-capita for the aggregate economy: a 10 percent increase in the share of refugees increased income per capita by roughly 56 percent after 15 years, and roughly 12 percent after 25 years. At least three aspects of this study seem particularly context specific. Create your own unique website with customizable templates. Like Tweet Share. The breakthrough came at visit to Stanford, when I realized that the Hoover Institute had hundreds of old microfilms of the data the US military government collected in the late 1940s and 1950s. MICHAEL PETERS AUGUST 2022 Contact Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 eMail: m.peters@yale.edu Academic Appointments 2021-2022 Visiting Scholar, New York University Stern School of Business The persistent long-term effects of the refugee settlement imply that the government policy of settling refugees in rural labor markets might have changed the long-term path of local industrialization in West Germany. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Fabrizio Zilibotti. A Revelation Principle for Competing Mechanisms For general information on how to correct material on RePEc, see these instructions. Michael Peters Economics Department, Yale University Verified email at . In his work on growth and economic geography, he analyzed the long-run consequences of large-scale migration, both in post-war Germany and for the US in the 19th century. Market Size and Spatial Growth - Evidence from Germany's Post-War Michael Peters - Vice President Corporate Strategy - LinkedIn hb```f``} cf`ah`.d0 In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Michael Peters - Contact Start your day off right, with a Dayspring Coffee CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. Before joining Yale University, he held a position at the London School of Economics. Skip to main content 19 0 obj <> endobj 28 0 obj <>/Filter/FlateDecode/ID[<70ADE99825F75C65B66EE155A86C2D05>]/Index[19 25]/Info 18 0 R/Length 64/Prev 76524/Root 20 0 R/Size 44/Type/XRef/W[1 2 1]>>stream Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Michael Peters from Yale will present Spatial Structural Change. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. Powered by Create your own unique website with customizable templates. American Economic Journal . My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream 6 October, 2021 4:00 pm-6:00 pm. Try again later. Winter, 1983. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Tuntex Professor of International and Development Economics, Yale University - Cited by 19,147 - Macroeconomic Development - Economic Growth and Development - China's Economic Development - Family Economics - Macroeconomics . guided by a fundamental trade-off: Operating in productive locations increases output per worker, but sharing a labor market with other productive firms makes it hard to poach and retain workers. You can help correct errors and omissions. Sprouting Cities: How Rural America Industrialized, MarketSize and Spatial Growth -Evidence from Germany's Post-WarPopulation Expulsions, Heterogeneous Markups, Growth and Endogenous Misallocation, Firm Size, Quality Bias and Import Demand, The Gains From Input Trade with Heterogeneous Importers, Creative Destruction, Distance to Frontier, andEconomic Development, Growing Like India: The Unequal Effects of Service-Led Growth, Population Growth andFirm-Product Dynamics. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. Office Address 87 Trumbull Street, Room B221 CV Website Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). The ones marked, American Economic Journal: Macroeconomics 10 (4), 77-127, Journal of International Economics 120, 59-83, New articles related to this author's research, Research Assistant Professor of Economics, Boston University, Department of Economics, University of Chicago, Tuntex Professor of International and Development Economics, Yale University, Professor of Economics, London School of Economics, Professor of Economics, INSEAD, London School of Economics and College de France, Heterogeneous Markups, Growth, and Endogenous Misallocation, The gains from input trade with heterogeneous importers, Lack of selection and limits to delegation: firm dynamics in developing countries, Market size and spatial growth-evidence from germanys post-war population expulsions, Firm size, quality bias and import demand, A method to construct geographical crosswalks with an application to us counties since 1790, Growing Like India: The Unequal Effects of Service-Led Growth, Solutions manual for introduction to modern economic growth, European immigrants and the United States rise to the technological frontier, Creative Destruction, Distance to Frontier, and Economic Development, Sprouting Cities: How Rural America Industrialized, Discussion of The Matthew effectand market concentration: Search complementarities and monopsony power by Fernndez-Villaverde, Mandelman, Yu and Zanetti. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods J. Blaum, Claire Lelarge, Michael Peters Published 1 December 2016 Economics ERN: Microeconometric Models of Firm Behavior in Open Economies (Topic) Firms differ substantially in their participation in foreign input markets. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Professor email Michael.Peters@ubc.ca phone 604 822 4418 location_on Iona Building 108 launch Personal Website file_download Download CV Research Area Theory About I am a Professor in the Vancouver School of Economics. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. In his research he focuses on economic growth and long-run economic development. Michael Peters | Queen's Economics Department Michael Peters, Conor Walsh Published 6 November 2019 Economics Microeconomics: Production A growing body of empirical research highlights substantial changes in the US economy during the last three decades. Entrepreneurship - McGraw Hill Education Their, This "Cited by" count includes citations to the following articles in Scholar. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. ", Michael Peters & Ralph A. What are some exciting areas for further research in this area? For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 target no need to return item. Financial Accounting in an Economic Context - Jamie Pratt, Michael F His research mostly focuses on macroeconomics, economic development and growth, and international trade. By building a solid foundation in the mechanics of preparing and analyzing financial statements, performance measurement (Return on Equity), and decision-making with the help of data analytics, Financial Accounting, 11th Edition helps students better prepare to be effective and successful business professionals. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. These findings are quantita- tively consistent with an idea-based model of spatial growth if population mobility is subject to frictions and productivity spillovers occur locally. Speaker(s) Location. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Sort by citations Sort by year Sort by title. firm and location productivity arecomplements and labor market frictions are sufficiently large. PDF MICHAEL PETERS A 2022 - Economics.yale.edu Solutions Manual - Michael Peters Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . The Bulletin on Retirement and Disability, Productivity, Innovation, and Entrepreneurship, Boosting Grant Applications from Faculty at MSIs, Conference on Research in Income and Wealth, Early Indicators of Later Work Levels, Disease and Death, Improving Health Outcomes for an Aging Population, Measuring the Clinical and Economic Outcomes Associated with Delivery Systems, Retirement and Disability Research Center, The Roybal Center for Behavior Change in Health, Training Program in Aging and Health Economics, Transportation Economics in the 21st Century. ", Epstein, Larry G. & Peters, Michael, 1999. [PDF] The End of Economic Growth? Unintended Consequences of a Michael Peters Economics, Biology 2014 TLDR This paper provides a set of mechanisms that have the property that every outcome that can be supported as a Bayesian equilibrium in a competing mechanism game can be support as an equilibrium in reciprocal mechanisms. michael peters economics ubc Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. There, details are also given on how to add or correct references and citations. I think we need more work to understand what happens when the population shrinks. Fabrizio Zilibotti - Google Scholar Please note that most corrections can take a couple of weeks to filter through the various RePEc services. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. For the case of India, service-led growth was an important driver of risingliving standard. Social Menu. Michael Peters - Google Scholar He has worked on theories of firm-dynamics, highlighting the role of markups for misallocation, the importance of managerial delegation for firm growth, and the consequences of falling population growth. Verified email at yale.edu. And they, luckily, had taken pictures of the old census publications, which I could digitize. Ufuk Akcigit - Google Scholar What motivated you to take on this research question? Michael Peters Economics Department, Yale University Verified email at yale.edu Teresa Fort Associate Professor, Tuck School of Business at Dartmouth, NBER, CEPR Verified email at tuck.dartmouth.edu Peter K. Schott Juan Trippe Professor of Economics, Yale School of Management & NBER & CEPR Verified email at yale.edu American Economic Review 111 (1), 231-75, 2021. (2006). To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Increases in per-capita income, particularly in the long run. The first months where very discouraging because so little data seemed to have survived. ", Michael Peters & Sergei Severinov, 2008. Research. American Economic Review. Productive firms thus settle in productive. Macroeconomics Development Economics Growth. Michael Porter - Wikipedia In his research he focuses on economic growth and long-run economic development. Students who receive a Ph.D. from Penn State and whose doctoral research is excellent have been recruited and sought after by leading academic and research institutions: our Ph.D. students have obtained tenure-track positions at Chicago, Harvard, Johns Hopkins, MIT, Northwestern, NYU, UPenn and many more. At a very general level, I am pretty confident that population density leads to higher productivity and there is a large empirical literature in urban economics that provides evidence for this to be the case. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . [PDF] A folk theorem for competing mechanisms | Semantic Scholar To what extent these findings have a direct relevance for immigration policy today, is a great question. Columbia University. interests: Trade, Economic Geography, and Macroeconomics contact: . What are the policy implications, if any, of this research? 180 * 2021: His research mostly focuses on macroeconomics, economic development and growth, and international trade. Market Size and Spatial GrowthEvidence From Germany's Post-War Population Expulsions, Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries, Heterogeneous Markups, Growth, and Endogenous Misallocation. . Sort. The large inflows led to persistent changes in the sectoral composition of the local economy. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. . Allen Head. This particular setting is, of course, close to my heart. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. In my research I focus primarily on economic growth and long-run economic development. Michael Peters - Vancouver School of Economics Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 37 (2), pages 281-306, November. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. The findings echo Acemoglu et al. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Footer Menu. Yale University - Department of Economics; Yale University - Cowles Foundation. "Financial Accounting, 10th Edition, by Jamie Pratt and Michael Peters, provides students with a clear understanding of financial accounting by framing accounting processes in the context of. I started working on growth theory during my PhD at MIT. Michael Peters | Cowles Foundation for Research in Economics We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Follow. Ming Xu. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. Being from Germany myself, one hears lots of stories about the WW2 expulsion. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. ", Peters, Michael & Severinov, Sergei, 1997. Fabian Eckert - Google Scholar Michael Peters Published 1 October 2021 Economics SSRN Electronic Journal Virtually all theories of economic growth predict a positive relationship between population size and productivity. Penn State now offers a two-year program designated only for the M.A. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. But even within the US there are vast regional differences in the type of migrants that settle in different areas. Michael Peters - Contact Welcome to my website! Articles Cited by Co-authors. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Entrepreneurship, by Robert Hisrich, Michael Peters and Dean Shepherd has been designed to clearly instruct students on the process of formulating, planning, and implementing a new venture. To link different versions of the same work, where versions have a different title, use this form. ", Peters, Michael & Szentes, Balazs, 2009. View Michael Peters' profile on LinkedIn, the world's largest professional community. In his work on growth and economic geography, he analyzed the long-run consequences of large-scale migration, both in post-war Germany and for the US in the 19th century. The Gains from Input Trade with Heterogeneous Importers Yale. Research Conor Walsh EU Economic Policy and Architecture after Covid, DP13700 Firm Size, Quality Bias and Import Demand, International Trade and Regional Economics, DP12237 Firm Size and the Intensive Margin of Import Demand, DP11721 The Gains from Input Trade with Heterogeneous Importers. ", Sergei Severinov & Michael Peters, 2004. My parents grew up in the West, but remember that they had to share their apartment with refugees from the East in the immediate war periods because housing was so scarce. Journal of Urban Economics, Volume 120, July 2022, 103454. ", Peters, Michael & Severinov, Sergei, 2003. However, these gains were heavily skewed toward high-income households living in urban districts. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. All Rights Reserved. %PDF-1.5 % Phone (613) 533-2250 Fax (613) 533-6668 Email https . I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. This is, of course, exactly the link between productivity and population that, decades later, features so prominently in Paul Romers work on economic growth or Paul Krugmans work on economic geography. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Conor Walsh - Google Scholar Box 21345, New . michael peters economics ubc This inflow increased the German population by almost 20%. New Research by Michael Peters on the Economic Consequences of Refugee He received his PhD from the Massachusetts Institute of Technology (MIT) and held an Assistant Professor position at the London School of Economics before joining Yale. Research - Michael Peters Publications Sprouting Cities: How Rural America Industrialized (with Fabian Eckert and John Juneau ) [American Economic Review P&P, forthcoming] Between 1880 to 1940, the US transformed from a largely agrarian to an industrialized economy. [PDF] Firm Creation and Local Growth | Semantic Scholar Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). Michael Peters | NBER Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Public profiles for Economics researchers, Curated articles & papers on economics topics, Upload your paper to be listed on RePEc and IDEAS, Pretend you are at the helm of an economics department, Data, research, apps & more from the St. Louis Fed, Initiative for open bibliographies in Economics, Have your institution's/publisher's output listed on RePEc, Matching by Luck or Search? I would love to see more quantitative work on the consequences of migration that takes such differences into account. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Conor Walsh. January 2021 CFP 1710 Author(s) Michael Peters. To estimate the relationship between refugee inflow and local economic development, Professor Peters constructed a data set from original historical sources for more than 500 West German counties since the 1930s. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. Research | montoya.econ.ubc.ca The emergence of new cities in Rural America played a big part for this transition. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. ", Celik, Gorkem & Peters, Michael, 2008. 2023 National Bureau of Economic Research. New research by Yale Economist Michael Peters suggests that a large refugee settlement after World War II had three important consequences: Large and persistent increase in the size of the local population; It spurred local industrialization by increasing labor in the manufacturing sector and decreasing labor in the agriculture sector; and
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