michael peters economics michael peters economics

For general information on how to correct material on RePEc, see these instructions. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The I think we need more work to understand what happens when the population shrinks. 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. Articles Cited by Co-authors. . 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Fabian Eckert - Google Scholar Increases in per-capita income, particularly in the long run. 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. ", Sergei Severinov & Michael Peters, 2004. [PDF] The End of Economic Growth? Unintended Consequences of a See all articles by Michael Peters Michael Peters. ", Michael Peters & Sergei Severinov, 2001. ", Celik, Gorkem & Peters, Michael, 2011. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream 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. Macroeconomics Development Economics Growth. The findings echo Acemoglu et al. But even within the US there are vast regional differences in the type of migrants that settle in different areas. . Michael Peters | IDEAS/RePEc Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Their, This "Cited by" count includes citations to the following articles in Scholar. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. A Revelation Principle for Competing Mechanisms Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 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. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. 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. Footer Menu. The large inflows led to persistent changes in the sectoral composition of the local economy. Penn State now offers a two-year program designated only for the M.A. Michael Peters Economics Department, Yale University Verified email at . I started working on growth theory during my PhD at MIT. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 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 Economics Department, Yale University Verified email at yale.edu. 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. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. 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. Create your own unique website with customizable templates. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. American Economic Review 111 (1), 231-75, 2021. Financial Accounting in an Economic Context - Jamie Pratt, Michael F Using variation across counties, I show that the settlement of refugees had large and persistent effects on the size of the local popula- tion, manufacturing employment, and income per capita. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Columbia University. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Economics Department, Yale University. Ming Xu. Like Tweet Share. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Michael Porter - Wikipedia Michael Peters - Vancouver School of Economics Title . 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. This inflow increased the German population by almost 20%. Box 21345, New . 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. The system can't perform the operation now. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. %PDF-1.5 % 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 His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Conor Walsh - Google Scholar Most demographers expect the global population to decline starting by around 2065. PDF MICHAEL PETERS A 2022 - Economics.yale.edu Michael Peters Economics Department, . The Geography of Remote Work . Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Winter, 1983. 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 . He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. The following articles are merged in Scholar. New Research by Michael Peters on the Economic Consequences of Refugee 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. Author(s) Michael Peters. 37 (2), pages 281-306, November. ", Peters, Michael & Severinov, Sergei, 2005. michael peters economics ubc The emergence of new cities in Rural America played a big part for this transition. Peters,M. I think there are so many related interesting and important questions to work on. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Sort by citations Sort by year Sort by title. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. Michael Peters, Yale - Department of Economics ", Michael Peters & Sergei Severinov, 2008. Solutions Manual - Michael Peters Michael Peters & Sergei Severinov, 2008. 2023 National Bureau of Economic Research. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. 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. Before joining Yale University, he held a position at the London School of Economics. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation In my research I focus primarily on economic growth and long-run economic development. And they, luckily, had taken pictures of the old census publications, which I could digitize. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods . 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. Sort. Speaker(s) Location. ", Epstein, Larry G. & Peters, Michael, 1999. 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. 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. "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. Department of Economics. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Michael Peters. 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. 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. 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). By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. 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. Affiliation: Yale. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Michael Peters | Cowles Foundation for Research in Economics endstream endobj startxref 0 %%EOF 43 0 obj <>stream 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. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. 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. Is the rise of services only due to income effects or can growth be service-led? 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. Conor Walsh. However, these gains were heavily skewed toward high-income households living in urban districts. Allen Head. Ufuk Akcigit - Google Scholar Michael Peters - Vice President Corporate Strategy - LinkedIn target no need to return item. Michael Peters | CEPR interests: Trade, Economic Geography, and Macroeconomics contact: . So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. A minor in economics is open to students enrolled in any college. There, details are also given on how to add or correct references and citations. Follow. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Powered by Create your own unique website with customizable templates. Try again later. ", Peters, Michael & Severinov, Sergei, 2006. Michael Peters ; Michael Peters . Cited by. Research | montoya.econ.ubc.ca ", Michael Peters & Ralph A. Michael Peters | Yale Economic Growth Center 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. [PDF] A folk theorem for competing mechanisms | Semantic Scholar Michael Peters | Queen's Economics Department degree in economics. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Michael Peters | Yale Department of Economics 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. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. 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 There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. Michael Peters | VoxDev What motivated you to take on this research question? In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Michael Peters - Contact Virtual. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Yale Department of Economics. Research Conor Walsh , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . ", Peters, Michael & Szentes, Balazs, 2009. How do local economies respond to large increases to the size of their population? " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. 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. All Rights Reserved. Yale. I am an Associate Professor in the Economics Department at Yale. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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. U Akcigit, H Alp, M Peters. Yale University - Department of Economics; Yale University - Cowles Foundation. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. The first months where very discouraging because so little data seemed to have survived. Productive firms thus settle in productive. 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. You can help correct errors and omissions. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. To link different versions of the same work, where versions have a different title, use this form. 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. hbbd``b`*@q`$3DY $,> L@)"3` 2 Market Size and Spatial Growth - Evidence from Germany's Post-War Please note that most corrections can take a couple of weeks to filter through the various RePEc services. What were the results? 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. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. . This particular setting is, of course, close to my heart. 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. Research. 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 from Yale will present Spatial Structural Change. Journal of Urban Economics, Volume 120, July 2022, 103454. Michael Peters - Contact Welcome to my website! 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? [PDF] Firm Creation and Local Growth | Semantic Scholar ", Halevy, Yoram & Peters, Michael, 2007. What are the policy implications, if any, of this research? 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. Research - Michael Peters " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol.