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A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Economics Department, Yale University. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. Skip to main content ", Halevy, Yoram & Peters, Michael, 2007. Winter, 1983. ", Epstein, Larry G. & Peters, Michael, 1999. 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. I would love to see more quantitative work on the consequences of migration that takes such differences into account. I am an Associate Professor in the Economics Department at Yale. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . I think there are so many related interesting and important questions to work on. 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. 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). Is the rise of services only due to income effects or can growth be service-led? targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. What were the results? With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. PDF MICHAEL PETERS A 2022 - Economics.yale.edu Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. 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. But even within the US there are vast regional differences in the type of migrants that settle in different areas. Speaker(s) Location. 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. In his research he focuses on economic growth and long-run economic development. 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. Peters,M. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Michael Porter - Wikipedia You can help correct errors and omissions. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. [PDF] A folk theorem for competing mechanisms | Semantic Scholar 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. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. Yale University - Department of Economics; Yale University - Cowles Foundation. J Blaum, C Lelarge, M Peters. Title. 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. 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. Yale. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Verified email at yale.edu. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Solutions Manual - Michael Peters A Revelation Principle for Competing Mechanisms [PDF] Firm Creation and Local Growth | Semantic Scholar He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. This inflow increased the German population by almost 20%. Ming Xu. Columbia University. firm and location productivity arecomplements and labor market frictions are sufficiently large. 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 Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . ", Michael Peters & Sergei Severinov, 2008. ", Peters, Michael & Severinov, Sergei, 2005. For the case of India, service-led growth was an important driver of risingliving standard. 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. 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 - Vice President Corporate Strategy - LinkedIn The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. ", Peters, Michael & Severinov, Sergei, 2006. Sort. To what extent these findings have a direct relevance for immigration policy today, is a great question. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Department of Economics. Author(s) Michael Peters. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Financial Accounting, 11th Edition | Wiley ", Michael Peters & Sergei Severinov, 2001. (2006). The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Like Tweet Share. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Michael Peters & Sergei Severinov, 2008. 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 Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Michael Peters | Queen's Economics Department Research | montoya.econ.ubc.ca 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. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. The emergence of new cities in Rural America played a big part for this transition. 180 * 2021: interests: Trade, Economic Geography, and Macroeconomics contact: . [8] Being from Germany myself, one hears lots of stories about the WW2 expulsion. Michael Peters, Yale - Department of Economics His research mostly focuses on macroeconomics, economic development and growth, and international trade. "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. The following articles are merged in Scholar. 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. Title . Virtual. 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. hb```f``} cf`ah`.d0 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. 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. Entrepreneurship - McGraw Hill Education Research - Michael Peters American Economic Journal . ", Peters, Michael & Szentes, Balazs, 2009. Michael Peters | CEPR My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. 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). Macroeconomics Economic Growth Urban Economics. Yale Department of Economics. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods & Severinov,S., 2001. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com How do local economies respond to large increases to the size of their population? Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. I think we need more work to understand what happens when the population shrinks. All material on this site has been provided by the respective publishers and authors. U Akcigit, H Alp, M Peters. 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. 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. And they, luckily, had taken pictures of the old census publications, which I could digitize. Michael Peters - Contact In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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 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. 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. The findings echo Acemoglu et al. 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. 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. January 2021 CFP 1710 Author(s) Michael Peters. What are some exciting areas for further research in this area? This particular setting is, of course, close to my heart. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. 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. At least three aspects of this study seem particularly context specific. Michael Peters Economics Department, Yale University Verified email at yale.edu. Publications by author | Yale Department of Economics I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Michael Peters from Yale will present Spatial Structural Change. hbbd``b`*@q`$3DY $,> L@)"3` 2 Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. All Rights Reserved. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. There, details are also given on how to add or correct references and citations. 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. Research. michael peters economics ubc Journal of Urban Economics, Volume 120, July 2022, 103454. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Conor Walsh - Google Scholar There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation Before joining Yale University, he held a position at the London School of Economics. 6 October, 2021 4:00 pm-6:00 pm. 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 Expand 25 PDF Structural reforms to make the most of demographic change L. Mello Economics 2020 Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Macroeconomics Development Economics Growth. 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. Michael Peters | Cowles Foundation for Research in Economics Penn State now offers a two-year program designated only for the M.A. Follow. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. 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. Ufuk Akcigit - Google Scholar Try again later. 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. In his research he focuses on economic growth and long-run economic development. endstream endobj startxref 0 %%EOF 43 0 obj <>stream Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Michael Peters - Vancouver School of Economics michael peters economics ubc I started working on growth theory during my PhD at MIT. . Some immigration is low-skilled, some immigration is high-skilled. Michael Peters Economics Department, . First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 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 . Start your day off right, with a Dayspring Coffee Financial Accounting in an Economic Context - Jamie Pratt, Michael F 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. Virtually all theories of economic growth predict a positive relationship between population size and productivity. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. The Geography of Remote Work . hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Creative Destruction, Distance to Frontier, and Economic Development by %PDF-1.5 % ", Michael Peters & Ralph A. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. ", Celik, Gorkem & Peters, Michael, 2008. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The Together with my colleague Costas Arkolakis and Sun Kyoung Lee at Michigan, we work on a project on the link between migration and economic development in the US between 1880 and 1920 where we try to carefully measure differences in innovation potential between migrants from different countries. Michael Peters | IDEAS/RePEc . 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.