", Epstein, Larry G. & Peters, Michael, 1999. 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. Columbia University. U Akcigit, H Alp, M Peters. View Michael Peters' profile on LinkedIn, the world's largest professional community. Most demographers expect the global population to decline starting by around 2065. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. What motivated you to take on this research question? Ming Xu. Phone (613) 533-2250 Fax (613) 533-6668 Email https . armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com January 2021 CFP 1710 Author(s) Michael Peters. Journal of Urban Economics, Volume 120, July 2022, 103454. 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. Some immigration is low-skilled, some immigration is high-skilled. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. 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). Box 21345, New . " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. Macroeconomics Economic Growth Urban Economics. In my research I focus primarily on economic growth and long-run economic development. 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 Economics Department, . In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. 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. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. MICHAEL PETERS AUGUST 2022 Contact Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 eMail: m.peters@yale.edu Academic Appointments 2021-2022 Visiting Scholar, New York University Stern School of Business The system can't perform the operation now. firm and location productivity arecomplements and labor market frictions are sufficiently large. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. His research mostly focuses on macroeconomics, economic development and growth, and international trade. interests: Trade, Economic Geography, and Macroeconomics contact: . For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. What are the policy implications, if any, of this research? To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. hbbd``b`*@q`$3DY $,> L@)"3` 2 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. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics 19 0 obj
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Research. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Is the rise of services only due to income effects or can growth be service-led? See all articles by Michael Peters Michael Peters. Title. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. To what extent these findings have a direct relevance for immigration policy today, is a great question. "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. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . 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 large inflows led to persistent changes in the sectoral composition of the local economy. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. Fabrizio Zilibotti. 6 October, 2021 4:00 pm-6:00 pm. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. I think there are so many related interesting and important questions to work on. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . 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. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). ", Michael Peters & Sergei Severinov, 2001. 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 Second, the refugees were allocated to rural areas and not to urban centers. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. 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. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale 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. Try again later. I started working on growth theory during my PhD at MIT. To link different versions of the same work, where versions have a different title, use this form. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. [8] American Economic Review 111 (1), 231-75, 2021. Michael Peters - Contact Welcome to my website! 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. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. How do local economies respond to large increases to the size of their population? 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. 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. 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. 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 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. 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. The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. The Geography of Remote Work . target no need to return item. 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. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. hWR8~}aU)$pnf[=dXdf3
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p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Macroeconomics Development Economics Growth. All Rights Reserved. Footer Menu. hb```f``} cf`ah`.d0 Their, This "Cited by" count includes citations to the following articles in Scholar. Michael Peters Published 1 October 2021 Economics SSRN Electronic Journal Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. I would love to see more quantitative work on the consequences of migration that takes such differences into account. 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. degree in economics. A minor in economics is open to students enrolled in any college. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. ". It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Market Size and Spatial GrowthEvidence From Germany's Post-War Population Expulsions, Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries, Heterogeneous Markups, Growth, and Endogenous Misallocation. Sort by citations Sort by year Sort by title. 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. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. American Economic Journal . He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. For the case of India, service-led growth was an important driver of risingliving standard. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. This particular setting is, of course, close to my heart. Cited by. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. Michael Peters. . Speaker(s) Location. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. %PDF-1.5
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I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. ", Peters, Michael & Severinov, Sergei, 2003. ", Celik, Gorkem & Peters, Michael, 2011. ", Peters, Michael & Severinov, Sergei, 2006. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Yale University - Department of Economics; Yale University - Cowles Foundation. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. 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. ", Peters, Michael & Severinov, Sergei, 1997. Michael Peters & Sergei Severinov, 2008. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Productive firms thus settle in productive. In his work on growth and economic geography, he analyzed the long-run consequences of large-scale migration, both in post-war Germany and for the US in the 19th century. The 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. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 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 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 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. Penn State now offers a two-year program designated only for the M.A. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Verified email at yale.edu. 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. This inflow increased the German population by almost 20%.
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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). Social Menu. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Verified email at columbia.edu - Homepage. ", Michael Peters & Ralph A. & Severinov,S., 2001. 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. 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. (2006). In his research he focuses on economic growth and long-run economic development. Conor Walsh. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. Being from Germany myself, one hears lots of stories about the WW2 expulsion. ", Celik, Gorkem & Peters, Michael, 2008. Virtual. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. Peters,M. ", Peters, Michael & Szentes, Balazs, 2009. 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. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 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. Skip to main content Michael Peters Economics Department, Yale University Verified email at . 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. Affiliation: Yale. 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.