Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. The first months where very discouraging because so little data seemed to have survived. Start your day off right, with a Dayspring Coffee Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . hbbd``b`*@q`$3DY $,> L@)"3` 2 American Economic Review. These findings are quantita- tively consistent with an idea-based model of spatial growth if population mobility is subject to frictions and productivity spillovers occur locally. Ming Xu. At the same time, the historical sources were full of anecdotes, which seemed to point at exactly the mechanism I wanted to explore. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. degree in economics. The model can be solved analytically and allows for a precise theoretical characteri-zation of the underlying determinants of market power and its macroeconomic conse-quences. Columbia University. Research - Michael Peters Publications Sprouting Cities: How Rural America Industrialized (with Fabian Eckert and John Juneau ) [American Economic Review P&P, forthcoming] Between 1880 to 1940, the US transformed from a largely agrarian to an industrialized economy. EU Economic Policy and Architecture after Covid, DP13700 Firm Size, Quality Bias and Import Demand, International Trade and Regional Economics, DP12237 Firm Size and the Intensive Margin of Import Demand, DP11721 The Gains from Input Trade with Heterogeneous Importers. Market Size and Spatial GrowthEvidence From Germany's Post-War Population Expulsions, Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries, Heterogeneous Markups, Growth, and Endogenous Misallocation. For example, the US Military Government in Bavaria, published an internal report which explicitly discussed how the arrival of the refugees in rural Bavaria presented opportunities for firms to move to locations near idle workers. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Title. ", Michael Peters & Ralph A. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream ", Peters, Michael & Severinov, Sergei, 1997. Michael Peters Economics Department, . 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. You can help correct errors and omissions. 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. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . 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. 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. ", Peters, Michael & Szentes, Balazs, 2009. Economics Department, Yale University. 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). Their, This "Cited by" count includes citations to the following articles in Scholar. Michael Peters - Contact Welcome to my website! My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. I would love to see more quantitative work on the consequences of migration that takes such differences into account. 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. A minor in economics is open to students enrolled in any college. Sort by citations Sort by year Sort by title. 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. Macroeconomics Development Economics Growth. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. 180 * 2021: Verified email at columbia.edu - Homepage. Footer Menu. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. . Phone (613) 533-2250 Fax (613) 533-6668 Email https . Michael Peters from Yale will present Spatial Structural Change. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Before joining Yale University, he held a position at the London School of Economics. Virtual. ". 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. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. 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. ", Peters, Michael & Troncoso-Valverde, Cristian, 2010. 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. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. 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. See all articles by Michael Peters Michael Peters. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. I am an Associate Professor in the Economics Department at Yale. Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. To link different versions of the same work, where versions have a different title, use this form. Cited by. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods 2023 National Bureau of Economic Research. There, details are also given on how to add or correct references and citations. 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. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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. Social Menu. 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. U Akcigit, H Alp, M Peters. What motivated you to take on this research question? Allen Head. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. 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 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics ", Halevy, Yoram & Peters, Michael, 2007. 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 . To what extent these findings have a direct relevance for immigration policy today, is a great question. 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. J Blaum, C Lelarge, M Peters. . My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Sort. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. 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). Affiliation: Yale. firm and location productivity arecomplements and labor market frictions are sufficiently large. In my research I focus primarily on economic growth and long-run economic development. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. Increases in per-capita income, particularly in the long run. Follow. 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. Macroeconomics Economic Growth Urban Economics. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. For general information on how to correct material on RePEc, see these instructions. The Geography of Remote Work . Fabrizio Zilibotti. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. 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. ", Michael Peters & Sergei Severinov, 1995. 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. ", Celik, Gorkem & Peters, Michael, 2008. Speaker(s) Location. Michael Peters Economics Department, Yale University Verified email at yale.edu. Yale. Journal of Urban Economics, Volume 120, July 2022, 103454. The following articles are merged in Scholar. The system can't perform the operation now. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. Verified email at yale.edu. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Create your own unique website with customizable templates. Try again later. 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.