All material on this site has been provided by the respective publishers and authors. 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. J Blaum, C Lelarge, M Peters. Creative Destruction, Distance to Frontier, and Economic Development by Michael Peters | NBER degree in economics. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Entrepreneurship - McGraw Hill Education For the case of India, service-led growth was an important driver of risingliving standard. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. 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. Michael Peters | IDEAS/RePEc Conor Walsh - Google Scholar 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, 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. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream 6 October, 2021 4:00 pm-6:00 pm. 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. Peters,M. ". Michael Peters - Contact Welcome to my website! Publications by author | Yale Department of Economics hbbd``b`*@q`$3DY $,> L@)"3` 2 In his research he focuses on economic growth and long-run economic development. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across 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. What were the results? ", Celik, Gorkem & Peters, Michael, 2008. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. Winter, 1983. . I am an Assistant Professor at the Department of Economics at the University of California, San Diego. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. I would love to see more quantitative work on the consequences of migration that takes such differences into account. endstream endobj startxref 0 %%EOF 43 0 obj <>stream The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. The system can't perform the operation now. 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. [8] michael peters economics ubc Fabrizio Zilibotti - Google Scholar Michael Peters | CEPR 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. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. Journal of Urban Economics, Volume 120, July 2022, 103454. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 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 MICHAEL PETERS A 2022 - Economics.yale.edu Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. I am an Associate Professor in the Economics Department at Yale. Articles Cited by Co-authors. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. Michael Peters Economics Department, . Ufuk Akcigit - Google Scholar My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. 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. Columbia University. For general information on how to correct material on RePEc, see these instructions. Penn State now offers a two-year program designated only for the M.A. [PDF] The End of Economic Growth? Unintended Consequences of a Macroeconomics Economic Growth Urban Economics. Michael Peters. 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. hb```f``} cf`ah`.d0 Conor Walsh. & Severinov,S., 2001. Michael Peters Economics Department, Yale University Verified email at yale.edu. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. ", Peters, Michael & Severinov, Sergei, 2005. 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. 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 . ", Peters, Michael & Szentes, Balazs, 2009. Second, the refugees were allocated to rural areas and not to urban centers. michael peters economics ubc Market Size and Spatial Growth - Evidence from Germany's Post-War Financial Accounting in an Economic Context - Jamie Pratt, Michael F A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. ", Peters, Michael & Severinov, Sergei, 2003. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . I think there are so many related interesting and important questions to work on. 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. target no need to return item. . The first months where very discouraging because so little data seemed to have survived. Michael Peters - Contact " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. ", Halevy, Yoram & Peters, Michael, 2007. [PDF] Firm Creation and Local Growth | Semantic Scholar A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. 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. A minor in economics is open to students enrolled in any college. In my research I focus primarily on economic growth and long-run economic development. Some immigration is low-skilled, some immigration is high-skilled. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. All Rights Reserved. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Skip to main content 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. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. 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). Ming Xu. The Gains from Input Trade with Heterogeneous Importers The estimated model im- plies that the refugee settlement increased aggregate income per capita by about 12% after 25 years and triggered a process of industrialization in rural areas. 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 & Severinov, Sergei, 2006. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. 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. Footer Menu. Michael Peters, Yale - Department of Economics Michael Peters | Yale Department of Economics Michael Peters | VoxDev 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 particular setting is, of course, close to my heart. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. 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 firm and location productivity arecomplements and labor market frictions are sufficiently large. ", Michael Peters & Ralph A. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. 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. Solutions Manual - Michael Peters Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 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. What motivated you to take on this research question? This inflow increased the German population by almost 20%. 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. 2023 National Bureau of Economic Research. ", Epstein, Larry G. & Peters, Michael, 1999. Like Tweet Share. 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. American Economic Review. 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. Before joining Yale University, he held a position at the London School of Economics. Michael Porter - Wikipedia The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. [PDF] A folk theorem for competing mechanisms | Semantic Scholar 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. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Macroeconomics Development Economics Growth. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The Fabian Eckert - Google Scholar His research mostly focuses on macroeconomics, economic development and growth, and international trade. ", Peters, Michael & Severinov, Sergei, 1997. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. . Author(s) Michael Peters. Michael Peters | Cowles Foundation for Research in Economics There, details are also given on how to add or correct references and citations. Follow. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. Research | montoya.econ.ubc.ca 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. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. Michael Peters | Yale Economic Growth Center To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 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. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. ", Celik, Gorkem & Peters, Michael, 2011. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Yale Department of Economics. Financial Accounting, 11th Edition | Wiley See all articles by Michael Peters Michael Peters. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Michael Peters | Queen's Economics Department 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. 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). This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods 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.
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