Box 21345, New . My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. 180 * 2021: Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Michael Peters ; Michael Peters . Financial Accounting, 11th Edition | Wiley About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. PDF Heterogeneous Markups, Growth, and Endogenous Misallocation ", Peters, Michael & Szentes, Balazs, 2009. The following articles are merged in Scholar. Michael Peters from Yale will present Spatial Structural Change. Solutions Manual - Michael Peters Michael Peters | Yale Economic Growth Center 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. Productive firms thus settle in productive. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Powered by Create your own unique website with customizable templates. Michael Peters | Queen's Economics Department The Geography of Remote Work . ", Celik, Gorkem & Peters, Michael, 2008. 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. Michael Peters - Vancouver School of Economics & Severinov,S., 2001. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Create your own unique website with customizable templates. %PDF-1.5 % Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. "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. 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. All material on this site has been provided by the respective publishers and authors. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. Yale. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Sort by citations Sort by year Sort by title. The system can't perform the operation now. 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". Publications by author | Yale Department of Economics . With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. 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. fabian eckert Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . Conor Walsh - Google Scholar Fabian Eckert - Google Scholar Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . I think we need more work to understand what happens when the population shrinks. Like Tweet Share. Department of Economics. 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. In my research I focus primarily on economic growth and long-run economic development. Is the rise of services only due to income effects or can growth be service-led? American Economic Journal . The emergence of new cities in Rural America played a big part for this transition. New Research by Michael Peters on the Economic Consequences of Refugee 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 It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. 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 interests: Trade, Economic Geography, and Macroeconomics contact: . To link different versions of the same work, where versions have a different title, use this form. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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. firm and location productivity arecomplements and labor market frictions are sufficiently large. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. What were the results? 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. The findings echo Acemoglu et al. 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, Michael & Severinov, Sergei, 2005. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. Some immigration is low-skilled, some immigration is high-skilled. In his research he focuses on economic growth and long-run economic development. 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. 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. 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. (2006). . The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. 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. Yale Department of Economics. Michael Peters & Sergei Severinov, 2008. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. Michael Peters - Contact Virtually all theories of economic growth predict a positive relationship between population size and productivity. [PDF] A folk theorem for competing mechanisms | Semantic Scholar Refugee settlement led to persistent increases in the local population, the share of people working in manufacturing, and income per capita. Verified email at columbia.edu - Homepage. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream 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 & Sergei Severinov, 2008. michael peters economics ubc Financial Accounting in an Economic Context - Jamie Pratt, Michael F 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. 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. His research mostly focuses on macroeconomics, economic development and growth, and international trade. 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 are some exciting areas for further research in this area? 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 U Akcigit, H Alp, M Peters. Michael Peters Economics Department, Yale University Verified email at yale.edu. Michael Peters - Contact Welcome to my website! As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. hbbd``b`*@q`$3DY $,> L@)"3` 2 The first months where very discouraging because so little data seemed to have survived. Ufuk Akcigit - Google Scholar This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. In many developing countries, structural transformation takes the form of a rapid rise of services with limited industrialization. You can help correct errors and omissions. 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 motivated you to take on this research question? January 2021 CFP 1710 Author(s) Michael Peters. Their, This "Cited by" count includes citations to the following articles in Scholar. Most demographers expect the global population to decline starting by around 2065. Michael Peters | Yale Department of Economics 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. Michael Peters | VoxDev 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. ", Halevy, Yoram & Peters, Michael, 2007. 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. At least three aspects of this study seem particularly context specific. A minor in economics is open to students enrolled in any college. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Being from Germany myself, one hears lots of stories about the WW2 expulsion. Verified email at yale.edu. 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. 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. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 2023 National Bureau of Economic Research. Journal of Urban Economics, Volume 120, July 2022, 103454. However, these gains were heavily skewed toward high-income households living in urban districts. 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, The Gains from Input Trade with Heterogeneous Importers, American Economic Journal: Macroeconomics, Heterogeneous Markups, Growth, and Endogenous Misallocation, Cowles Foundation for Research in Economics, Yale Federal Statistical Research Data Center. Michael Peters Economics Department, Yale University Verified email at . 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. Entrepreneurship - McGraw Hill Education 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. Michael Peters | Cowles Foundation for Research in Economics
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