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). Fabrizio Zilibotti. 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. Michael Peters ; Michael Peters . & Severinov,S., 2001. Sort by citations Sort by year Sort by title. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. 37 (2), pages 281-306, November. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics 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. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . 180 * 2021: See all articles by Michael Peters Michael Peters. I think we need more work to understand what happens when the population shrinks. Productive firms thus settle in productive. Sort. His research mostly focuses on macroeconomics, economic development and growth, and international trade. I would love to see more quantitative work on the consequences of migration that takes such differences into account. ", Celik, Gorkem & Peters, Michael, 2008. 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? endstream endobj startxref 0 %%EOF 43 0 obj <>stream Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. Columbia University. Conor Walsh. What are the policy implications, if any, of this research? He has worked on theories of firm-dynamics, highlighting the role of markups for misallocation, the importance of managerial delegation for firm growth, and the consequences of falling population growth. This inflow increased the German population by almost 20%. Michael Peters - Contact Welcome to my 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). Some immigration is low-skilled, some immigration is high-skilled. Economics Department, Yale University. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. The large inflows led to persistent changes in the sectoral composition of the local economy. 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 Macroeconomics Economic Growth Urban Economics. What were the results? Michael Peters Economics SSRN Electronic Journal 2021 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. Cited by. Verified email at columbia.edu - Homepage. I think there are so many related interesting and important questions to work on. 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. Affiliation: Yale. Michael Peters & Sergei Severinov, 2008. Penn State now offers a two-year program designated only for the M.A. 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. 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. 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 My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Phone (613) 533-2250 Fax (613) 533-6668 Email https . To what extent these findings have a direct relevance for immigration policy today, is a great question. This particular setting is, of course, close to my heart. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Ming Xu. 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. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Before joining Yale University, he held a position at the London School of Economics. 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. 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. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. ", Peters, Michael & Severinov, Sergei, 2006. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Journal of Urban Economics, Volume 120, July 2022, 103454. hWR8~}aU)$pnf[=dXdf3 #LZ%HOKqe;sLX"e"a.j0&5uB0tpV p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. ", Peters, Michael & Severinov, Sergei, 1997. Allen Head. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 6 October, 2021 4:00 pm-6:00 pm. 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. 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. hb```f``} cf`ah`.d0 What are some exciting areas for further research in this area? Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 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. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. However, these gains were heavily skewed toward high-income households living in urban districts. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. Try again later. 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 He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. ", Michael Peters & Sergei Severinov, 2008. Verified email at yale.edu. With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. ", Epstein, Larry G. & Peters, Michael, 1999. ", Peters, Michael & Szentes, Balazs, 2009. ", Halevy, Yoram & Peters, Michael, 2007. There, details are also given on how to add or correct references and citations. Department of Economics. 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 My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. %PDF-1.5 % The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. To link different versions of the same work, where versions have a different title, use this form. All material on this site has been provided by the respective publishers and authors. Increases in per-capita income, particularly in the long run. ", Michael Peters & Sergei Severinov, 1995. 2023 National Bureau of Economic Research. degree in economics. 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. It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. Author(s) Michael Peters. 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. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Create your own unique website with customizable templates. 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. Yale. At least three aspects of this study seem particularly context specific. . 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. ", Celik, Gorkem & Peters, Michael, 2011. American Economic Review 111 (1), 231-75, 2021. "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. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . 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. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. Michael Peters Economics Department, Yale University Verified email at yale.edu. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. ", Peters, Michael & Severinov, Sergei, 2005. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . 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. And they, luckily, had taken pictures of the old census publications, which I could digitize. 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. 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. ", Peters, Michael & Severinov, Sergei, 2003. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. . interests: Trade, Economic Geography, and Macroeconomics contact: . The following articles are merged in Scholar. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. 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. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . 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. 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. hbbd``b`*@q`$3DY $,> L@)"3` 2 So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. 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. 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. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. How do local economies respond to large increases to the size of their population? Peters,M. Research. 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. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. American Economic Review. For the case of India, service-led growth was an important driver of risingliving standard. Social Menu. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. Most demographers expect the global population to decline starting by around 2065. 19 0 obj <> endobj 28 0 obj <>/Filter/FlateDecode/ID[<70ADE99825F75C65B66EE155A86C2D05>]/Index[19 25]/Info 18 0 R/Length 64/Prev 76524/Root 20 0 R/Size 44/Type/XRef/W[1 2 1]>>stream Speaker(s) Location. J Blaum, C Lelarge, M Peters. American Economic Journal . Michael Peters Economics Department, Yale University Verified email at . View Michael Peters' profile on LinkedIn, the world's largest professional community. The findings echo Acemoglu et al. The system can't perform the operation now. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Like Tweet Share. 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. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Box 21345, New . First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. The Geography of Remote Work . Powered by Create your own unique website with customizable templates. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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. Yale University - Department of Economics; Yale University - Cowles Foundation. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 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. (2006). To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. target no need to return item. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. ", Michael Peters & Sergei Severinov, 2001. In his research he focuses on economic growth and long-run economic development. January 2021 CFP 1710 Author(s) Michael Peters. Winter, 1983. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com ", Michael Peters & Ralph A. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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. 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. The Bulletin on Retirement and Disability, Productivity, Innovation, and Entrepreneurship, Boosting Grant Applications from Faculty at MSIs, Conference on Research in Income and Wealth, Early Indicators of Later Work Levels, Disease and Death, Improving Health Outcomes for an Aging Population, Measuring the Clinical and Economic Outcomes Associated with Delivery Systems, Retirement and Disability Research Center, The Roybal Center for Behavior Change in Health, Training Program in Aging and Health Economics, Transportation Economics in the 21st Century. Skip to main content Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. What motivated you to take on this research question? 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. 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. 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.