michael peters economics

Michael Peters Economics Department, Yale University Verified email at . Michael Peters ; Michael Peters . 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. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 His research mostly focuses on macroeconomics, economic development and growth, and international trade. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Journal of Urban Economics, Volume 120, July 2022, 103454. 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 Geography of Remote Work . 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. 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 . 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. ", Epstein, Larry G. & Peters, Michael, 1999. Michael Peters - Contact Welcome to my website! Footer Menu. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. All material on this site has been provided by the respective publishers and authors. I think there are so many related interesting and important questions to work on. You can help correct errors and omissions. 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. ", Peters, Michael & Severinov, Sergei, 2005. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. ", Peters, Michael & Severinov, Sergei, 2003. %PDF-1.5 % Powered by Create your own unique website with customizable templates. Research. Some immigration is low-skilled, some immigration is high-skilled. Michael Peters & Sergei Severinov, 2008. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. In the rst version contracts are exchanged on a competitive market in which traders expectations concerning conditions Expand 7 View 1 excerpt, references background Game-Playing Agents: Unobservable Contracts as Precommitments M. Katz Michael Peters Economics Department, . Department of Economics. 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. ", Michael Peters & Sergei Severinov, 2001. 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. 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. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 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). Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. In my research I focus primarily on economic growth and long-run economic development. What were the results? 6 October, 2021 4:00 pm-6:00 pm. 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). Michael Peters. The following articles are merged in Scholar. 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. 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>. . Sort. 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. 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. . The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. 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. Michael Peters Economics Department, Yale University Verified email at yale.edu. The system can't perform the operation now. Like Tweet Share. 37 (2), pages 281-306, November. 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. ". Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods At least three aspects of this study seem particularly context specific. This inflow increased the German population by almost 20%. What are the policy implications, if any, of this research? Yale Department of Economics. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream American Economic Review. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. . In his research he focuses on economic growth and long-run economic development. This particular setting is, of course, close to my heart. 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 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. Verified email at columbia.edu - Homepage. At the end of the Second World War, the governments of the United States, the United Kingdom, and Russia expelled millions of ethnic Germans from Eastern Europe and transferred them to West Germany and the Soviet Occupied Zone. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. 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. The large inflows led to persistent changes in the sectoral composition of the local economy. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. To link different versions of the same work, where versions have a different title, use this form. ", Halevy, Yoram & Peters, Michael, 2007. ", Michael Peters & Ralph A. ", Peters, Michael & Szentes, Balazs, 2009. For general information on how to correct material on RePEc, see these instructions. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Cited by. 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 ", Celik, Gorkem & Peters, Michael, 2011. 180 * 2021: 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics 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 Yale. New research by Yale Economist Michael Peters suggests that a large refugee settlement after World War II had three important consequences: The positive relationship between population size and productivity is at the heart of virtually all theories of economic growth. hb```f``} cf`ah`.d0 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. 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 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. endstream endobj startxref 0 %%EOF 43 0 obj <>stream His research mostly focuses on macroeconomics, economic development and growth, and international trade. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Social Menu. ", Peters, Michael & Severinov, Sergei, 1997. In his research he focuses on economic growth and long-run economic development. Their, This "Cited by" count includes citations to the following articles in Scholar. 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Being from Germany myself, one hears lots of stories about the WW2 expulsion. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . interests: Trade, Economic Geography, and Macroeconomics contact: . American Economic Journal . [8] Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 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. Follow. 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. 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. 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. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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. I am an Associate Professor in the Economics Department at Yale. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. 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. If the link between productivity and population size is different in the service sector, these findings might have little to tell us about the likely effects of immigration today. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. His research mostly focuses on macroeconomics, economic development and growth, and international trade. ", Michael Peters & Sergei Severinov, 1995. Second, the refugees were allocated to rural areas and not to urban centers. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. 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. 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. Sort by citations Sort by year Sort by title. 2023 National Bureau of Economic Research. Affiliation: Yale. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. 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. Columbia University. ", Peters, Michael & Severinov, Sergei, 2006. There, details are also given on how to add or correct references and citations. The first months where very discouraging because so little data seemed to have survived. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Title. Conor Walsh. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. 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. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. The findings echo Acemoglu et al. 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 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. . Allen Head. 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). 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. (2006). Penn State now offers a two-year program designated only for the M.A. View Michael Peters' profile on LinkedIn, the world's largest professional community. Macroeconomics Economic Growth Urban Economics. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . January 2021 CFP 1710 Author(s) Michael Peters. What motivated you to take on this research question? target no need to return item. 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. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Productive firms thus settle in productive. 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. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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? Create your own unique website with customizable templates. ", Celik, Gorkem & Peters, Michael, 2008. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. degree in economics. hbbd``b`*@q`$3DY $,> L@)"3` 2 " 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, Heterogeneous Markups, Growth, and Endogenous Misallocation. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Macroeconomics Development Economics Growth. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. 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. U Akcigit, H Alp, M Peters. And they, luckily, had taken pictures of the old census publications, which I could digitize. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. Box 21345, New . Economics Department, Yale University. 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 A minor in economics is open to students enrolled in any college.