michael peters economics

hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Michael Peters, Conor Walsh Economics SSRN Electronic Journal 2019 A growing body of empirical research highlights substantial changes in the US economy during the last three decades. A six-time winner of the McKinsey Award for the best Harvard Business Review article of the year, Professor Porter is the most cited author in business and economics. 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. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. American Economic Review. 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. 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. What motivated you to take on this research question? Create your own unique website with customizable templates. 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. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. 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. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. 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 All Rights Reserved. Finally, he studied the process of structural change, both in the US in the past and for present-day India, emphasizing the consequences on inequality across both people and space. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Most demographers expect the global population to decline starting by around 2065. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. & Severinov,S., 2001. 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 . In his research he focuses on economic growth and long-run economic development. ", Peters, Michael & Severinov, Sergei, 2006. [PDF] The End of Economic Growth? Unintended Consequences of a What were the results? The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Yale Department of Economics. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. Market Size and Spatial GrowthEvidence From Germany's Post-War Population Expulsions, Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries, The Gains from Input Trade with Heterogeneous Importers, American Economic Journal: Macroeconomics, Heterogeneous Markups, Growth, and Endogenous Misallocation, Cowles Foundation for Research in Economics, Yale Federal Statistical Research Data Center. Michael Peters | Yale Economic Growth Center The emergence of new cities in Rural America played a big part for this transition. 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. [PDF] Firm Creation and Local Growth | Semantic Scholar 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 Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. There have been few attempts to provide direct evidence on the causal effect of larger scale on productivity growth and to connect such estimates to structural models. At least three aspects of this study seem particularly context specific. 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. For general information on how to correct material on RePEc, see these instructions. Powered by Create your own unique website with customizable templates. firm and location productivity arecomplements and labor market frictions are sufficiently large. Footer Menu. Michael Peters | Cowles Foundation for Research in Economics "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. To what extent these findings have a direct relevance for immigration policy today, is a great question. 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. Michael Peters - Vancouver School of Economics Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. How do local economies respond to large increases to the size of their population? ", Epstein, Larry G. & Peters, Michael, 1999. Verified email at yale.edu. Skip to main content Michael Peters | Queen's Economics Department Verified email at columbia.edu - Homepage. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. [8] PDF Heterogeneous Markups, Growth, and Endogenous Misallocation In the af- termath of the Second World War, 8 million ethnic Germans were expelled from their domiciles in Eastern Europe and transferred to West Germany. Fabrizio Zilibotti - Google Scholar To link different versions of the same work, where versions have a different title, use this form. 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). My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. Publications by author | Yale Department of Economics This particular setting is, of course, close to my heart. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Michael Peters - Vice President Corporate Strategy - LinkedIn This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. interests: Trade, Economic Geography, and Macroeconomics contact: . You can help correct errors and omissions. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Michael Peters - Contact 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. Together with my colleague Costas Arkolakis and Sun Kyoung Lee at Michigan, we work on a project on the link between migration and economic development in the US between 1880 and 1920 where we try to carefully measure differences in innovation potential between migrants from different countries. Research Conor Walsh 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? 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Title . The system can't perform the operation now. Their, This "Cited by" count includes citations to the following articles in Scholar. 37 (2), pages 281-306, November. [PDF] A folk theorem for competing mechanisms | Semantic Scholar Columbia University. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. ", Halevy, Yoram & Peters, Michael, 2007. fabian eckert Social Menu. Professors Peters new paper, published in Econometrica last month, explores a particular historical setting to provide direct evidence for the empirical relevance of these effects. For example, the US Military Government in Bavaria, published an internal report which explicitly discussed how the arrival of the refugees in rural Bavaria presented opportunities for firms to move to locations near idle workers. The US is clearly the prime example of a country that was able to attract high-skilled migrants for a good part of the last 150 years. Michael Peters, Yale - Department of Economics Michael Peters, Yale Home Michael Peters, Yale When September 18, 2017 4:00 pm -5:30 pm Where 613 Kern Michael Peters from Yale will present "Spatial Structural Change". The estimated model im- plies that the refugee settlement increased aggregate income per capita by about 12% after 25 years and triggered a process of industrialization in rural areas. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. (2006). " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Affiliation: Yale. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Being from Germany myself, one hears lots of stories about the WW2 expulsion. A Revelation Principle for Competing Mechanisms January 2021 CFP 1710 Author(s) Michael Peters. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. 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). Please note that most corrections can take a couple of weeks to filter through the various RePEc services. 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. %PDF-1.5 % . Michael Peters | NBER Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. I would love to see more quantitative work on the consequences of migration that takes such differences into account. 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. The first months where very discouraging because so little data seemed to have survived. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Peters,M. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. His research mostly focuses on macroeconomics, economic development and growth, and international trade. target no need to return item. Michael Peters | VoxDev What are the policy implications, if any, of this research? This work allowed him to quantify the effect of the refugee settlement on aggregate income and study how the government policy of sending refugees to the countryside might ignite and maintain rural industrialization. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Michael Peters | Yale Economic Growth Center Home People Michael Peters Faculty Associate Professor of Economics Contact P. 203-436-8475 E. m.peters@yale.edu Expertise Development Economics, International Trade, Macroeconomics Website Download C.V. What are some exciting areas for further research in this area? Productive firms thus settle in productive. 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 & Ralph A. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Michael Peters ; Michael Peters . Speaker(s) Location. 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. 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. There, details are also given on how to add or correct references and citations. 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. 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. 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. Michael Peters & Sergei Severinov, 2008. Increases in per-capita income, particularly in the long run. Michael Peters - Contact Welcome to my website! Michael Peters from Yale will present Spatial Structural Change. American Economic Journal . The large inflows led to persistent changes in the sectoral composition of the local economy. michael peters economics ubc 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. ", Sergei Severinov & Michael Peters, 2004. A minor in economics is open to students enrolled in any college. Articles Cited by Co-authors. 2023 National Bureau of Economic Research. The model can be solved analytically and allows for a precise theoretical characteri-zation of the underlying determinants of market power and its macroeconomic conse-quences. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. . Financial Accounting, 11th Edition | Wiley Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. His research mostly focuses on macroeconomics, economic development and growth, and international trade. endstream endobj startxref 0 %%EOF 43 0 obj <>stream By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. Conor Walsh - Google Scholar Follow. 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. See all articles by Michael Peters Michael Peters. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. This inflow increased the German population by almost 20%. 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. Ufuk Akcigit - Google Scholar 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. ", Michael Peters & Sergei Severinov, 1995. Research. ", Celik, Gorkem & Peters, Michael, 2008. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. New Research by Michael Peters on the Economic Consequences of Refugee All material on this site has been provided by the respective publishers and authors. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. ". ", Peters, Michael & Severinov, Sergei, 2003. Entrepreneurship - McGraw Hill Education 180 * 2021: hb```f``} cf`ah`.d0 Journal of Urban Economics, Volume 120, July 2022, 103454. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. However, these gains were heavily skewed toward high-income households living in urban districts. Solutions Manual - Michael Peters A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Sort by citations Sort by year Sort by title. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. In this paper, I study a particular historical episode to provide direct evidence Expand 25 PDF Structural reforms to make the most of demographic change L. Mello Economics 2020 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. ", Peters, Michael & Severinov, Sergei, 2005. 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. Allen Head. 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.

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