You can help correct errors and omissions. Michael Peters - Vancouver School of Economics Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . For the case of India, service-led growth was an important driver of risingliving standard. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods Skip to main content 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. ", Celik, Gorkem & Peters, Michael, 2011. Michael Peters - Contact Welcome to my website! "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. [PDF] The End of Economic Growth? Unintended Consequences of a 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 Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Productive firms thus settle in productive. hbbd``b`*@q`$3DY $,> L@)"3` 2 Yale University - Department of Economics; Yale University - Cowles Foundation. To link different versions of the same work, where versions have a different title, use this form. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Penn State now offers a two-year program designated only for the M.A. ", Peters, Michael & Severinov, Sergei, 2006. 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. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. The following articles are merged in Scholar. 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 are some exciting areas for further research in this area? Michael Peters - Google Scholar ", Halevy, Yoram & Peters, Michael, 2007. Start your day off right, with a Dayspring Coffee His research mostly focuses on macroeconomics, economic development and growth, and international trade. Before joining Yale University, he held a position at the London School of Economics. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . (2006). Michael Peters. ", Michael Peters & Ralph A. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. 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. 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. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. At the end of the Second World War, the governments of the United States, the United Kingdom, and Russia expelled millions of ethnic Germans from Eastern Europe and transferred them to West Germany and the Soviet Occupied Zone. I think there are so many related interesting and important questions to work on. michael peters economics ubc . At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. firm and location productivity arecomplements and labor market frictions are sufficiently large. Michael Peters | NBER ", Peters, Michael & Severinov, Sergei, 2005. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 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. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. hb```f``} cf`ah`.d0 Macroeconomics Development Economics Growth. Virtual. Sort by citations Sort by year Sort by title. American Economic Review. American Economic Journal . Footer Menu. I am an Associate Professor in the Economics Department at Yale. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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). 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. Some immigration is low-skilled, some immigration is high-skilled. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Sort. 37 (2), pages 281-306, November. Market Size and Spatial Growth - Evidence from Germany's Post-War . How do local economies respond to large increases to the size of their population? Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Phone (613) 533-2250 Fax (613) 533-6668 Email https . 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. Michael Peters | Cowles Foundation for Research in Economics 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. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. 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". Most demographers expect the global population to decline starting by around 2065. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. The Geography of Remote Work . Peters,M. Macroeconomics Economic Growth Urban Economics. To estimate the relationship between refugee inflow and local economic development, Professor Peters constructed a data set from original historical sources for more than 500 West German counties since the 1930s. The emergence of new cities in Rural America played a big part for this transition. %PDF-1.5 % 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. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. 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. New Research by Michael Peters on the Economic Consequences of Refugee A minor in economics is open to students enrolled in any college. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. Verified email at yale.edu. PDF MICHAEL PETERS A 2022 - Economics.yale.edu The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. target no need to return item. 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. ", Sergei Severinov & Michael Peters, 2004. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . A Revelation Principle for Competing Mechanisms To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. But even within the US there are vast regional differences in the type of migrants that settle in different areas. Michael Peters | IDEAS/RePEc About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. What motivated you to take on this research question? Department of Economics. Financial Accounting in an Economic Context - Jamie Pratt, Michael F Verified email at columbia.edu - Homepage. Second, the refugees were allocated to rural areas and not to urban centers. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Michael Peters | Yale Economic Growth Center 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. Social Menu. 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. In his work on growth and economic geography, he analyzed the long-run consequences of large-scale migration, both in post-war Germany and for the US in the 19th century. Michael Peters Economics Department, Yale University Verified email at yale.edu 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 So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. Fabrizio Zilibotti - Google Scholar CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. 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 Journal of Urban Economics, Volume 120, July 2022, 103454. Try again later. Research. Research Conor Walsh 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 [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . His research mostly focuses on macroeconomics, economic development and growth, and international trade. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 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? ", Epstein, Larry G. & Peters, Michael, 1999. 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. ", Michael Peters & Sergei Severinov, 2001. Follow. The findings echo Acemoglu et al. In his research he focuses on economic growth and long-run economic development. [PDF] Firm Creation and Local Growth | Semantic Scholar Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. Virtually all theories of economic growth predict a positive relationship between population size and productivity. In his research he focuses on economic growth and long-run economic development. Michael Peters & Sergei Severinov, 2008. interests: Trade, Economic Geography, and Macroeconomics contact: . Winter, 1983. See all articles by Michael Peters Michael Peters. 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. For general information on how to correct material on RePEc, see these instructions. Michael Peters | Queen's Economics Department All material on this site has been provided by the respective publishers and authors. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. 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. In his work on growth and economic geography, he analyzed the long-run consequences of large-scale migration, both in post-war Germany and for the US in the 19th century. Michael Peters - Contact Author(s) Michael Peters. ", Peters, Michael & Szentes, Balazs, 2009. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Michael Peters | VoxDev Entrepreneurship - McGraw Hill Education 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. 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. Title . American Economic Review 111 (1), 231-75, 2021. The Gains from Input Trade with Heterogeneous Importers Economics Department, Yale University. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The Columbia University. J Blaum, C Lelarge, M Peters. ". Speaker(s) Location. There, details are also given on how to add or correct references and citations. 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. Conor Walsh - Google Scholar Fabrizio Zilibotti. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . 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. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com Like Tweet Share. ", Peters, Michael & Severinov, Sergei, 2003. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). 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. 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. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. Affiliation: Yale. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. 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. 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. Cited by. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Is the rise of services only due to income effects or can growth be service-led? degree in economics. I think we need more work to understand what happens when the population shrinks. Michael Peters | Yale Department of Economics 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. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. Michael Peters | CEPR Creative Destruction, Distance to Frontier, and Economic Development by I started working on growth theory during my PhD at MIT. U Akcigit, H Alp, M Peters. . [8] Financial Accounting, 11th Edition | Wiley ", Michael Peters & Sergei Severinov, 2008. endstream endobj startxref 0 %%EOF 43 0 obj <>stream And they, luckily, had taken pictures of the old census publications, which I could digitize. 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.

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