This particular setting is, of course, close to my heart. Financial Accounting in an Economic Context - Jamie Pratt, Michael F ", Peters, Michael & Severinov, Sergei, 1997. I think there are so many related interesting and important questions to work on. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Try again later. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 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). (2006). Michael Peters - Vancouver School of Economics My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . 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". This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Articles Cited by Co-authors. 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. [PDF] A folk theorem for competing mechanisms | Semantic Scholar Their, This "Cited by" count includes citations to the following articles in Scholar. 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. I started working on growth theory during my PhD at MIT. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. ", Celik, Gorkem & Peters, Michael, 2008. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. Before joining Yale University, he held a position at the London School of Economics. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation ", Epstein, Larry G. & Peters, Michael, 1999. 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. 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). Publications by author | Yale Department of Economics Cited by. 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. The first months where very discouraging because so little data seemed to have survived. Research - Michael Peters The Gains from Input Trade with Heterogeneous Importers We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. There, details are also given on how to add or correct references and citations. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. 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. [PDF] Firm Creation and Local Growth | Semantic Scholar Creative Destruction, Distance to Frontier, and Economic Development by 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. To link different versions of the same work, where versions have a different title, use this form. ". 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, 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. What were the results? Michael Peters | NBER Michael Peters Economics Department, Yale University Verified email at . My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. 180 * 2021: And they, luckily, had taken pictures of the old census publications, which I could digitize. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Verified email at yale.edu. ", Peters, Michael & Severinov, Sergei, 2005. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. 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. American Economic Review 111 (1), 231-75, 2021. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. ", Celik, Gorkem & Peters, Michael, 2011. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream hbbd``b`*@q`$3DY $,> L@)"3` 2 Speaker(s) Location. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. Yale. Market Size and Spatial Growth - Evidence from Germany's Post-War 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). 2023 National Bureau of Economic Research. The Geography of Remote Work . Fabrizio Zilibotti. 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. 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. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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 Verified email at columbia.edu - Homepage. Michael Peters | Queen's Economics Department 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. Create your own unique website with customizable templates. The findings echo Acemoglu et al. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. However, these gains were heavily skewed toward high-income households living in urban districts. A minor in economics is open to students enrolled in any college. Ming Xu. Department of Economics. Most demographers expect the global population to decline starting by around 2065. 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. Box 21345, New . 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. Michael Peters Economics Department, . Michael Peters & Sergei Severinov, 2008. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. ", Michael Peters & Sergei Severinov, 2001. Follow. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. All material on this site has been provided by the respective publishers and authors. . The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Affiliation: Yale. Powered by Create your own unique website with customizable templates. Start your day off right, with a Dayspring Coffee Michael Peters, Yale - Department of Economics His research mostly focuses on macroeconomics, economic development and growth, and international trade. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. To what extent these findings have a direct relevance for immigration policy today, is a great question. Ufuk Akcigit - Google Scholar 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Yale University - Department of Economics; Yale University - Cowles Foundation. Fabian Eckert - Google Scholar Michael Peters - Contact Welcome to my website! I am an Assistant Professor at the Department of Economics at the University of California, San Diego. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Title. 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 ", Peters, Michael & Severinov, Sergei, 2003. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Sort. American Economic Review. A Revelation Principle for Competing Mechanisms 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. 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. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. U Akcigit, H Alp, M Peters. . The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. The large inflows led to persistent changes in the sectoral composition of the local economy. At least three aspects of this study seem particularly context specific. 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. PDF MICHAEL PETERS A 2022 - Economics.yale.edu Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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. ", Peters, Michael & Szentes, Balazs, 2009. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. 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. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Skip to main content 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). Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. 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. The system can't perform the operation now. In my research I focus primarily on economic growth and long-run economic development. Increases in per-capita income, particularly in the long run. 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. Economics Department, Yale University. Michael Peters ; Michael Peters . 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. 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. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. 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. endstream endobj startxref 0 %%EOF 43 0 obj <>stream 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 . Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Some immigration is low-skilled, some immigration is high-skilled. Research | montoya.econ.ubc.ca Social Menu. Entrepreneurship - McGraw Hill Education Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Columbia University. 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. I think we need more work to understand what happens when the population shrinks. firm and location productivity arecomplements and labor market frictions are sufficiently large. %PDF-1.5 % American Economic Journal . What are some exciting areas for further research in this area?
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