Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com The large inflows led to persistent changes in the sectoral composition of the local economy. Box 21345, New . What motivated you to take on this research question? 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. 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. 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 . 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. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. But even within the US there are vast regional differences in the type of migrants that settle in different areas. 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. Macroeconomics Economic Growth Urban Economics. 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. Yale University - Department of Economics; Yale University - Cowles Foundation. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. U Akcigit, H Alp, M Peters. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . 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. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. Michael Peters ; Michael Peters . I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. . 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. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. How do local economies respond to large increases to the size of their population? Sort by citations Sort by year Sort by title. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. However, these gains were heavily skewed toward high-income households living in urban districts. American Economic Journal . The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Author(s) Michael Peters. Phone (613) 533-2250 Fax (613) 533-6668 Email https . Their, This "Cited by" count includes citations to the following articles in Scholar. Ming Xu. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Follow. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. 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". 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. 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, Michael & Troncoso-Valverde, Cristin, 2013. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. 180 * 2021: It is ideal for those who pursue high level professional careers in industry and government, or further study for the Ph.D. degree. The system can't perform the operation now. 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. To what extent these findings have a direct relevance for immigration policy today, is a great question. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. Penn State now offers a two-year program designated only for the M.A. Yale. hb```f``} cf`ah`.d0 For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. 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. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. Title . I think there are so many related interesting and important questions to work on. All Rights Reserved. Like Tweet Share. In my research I focus primarily on economic growth and long-run economic development. 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 this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 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). ", Celik, Gorkem & Peters, Michael, 2008. His research mostly focuses on macroeconomics, economic development and growth, and international trade. I am an Associate Professor in the Economics Department at Yale. ", Michael Peters & Sergei Severinov, 1995. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 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. Yale Department of Economics. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. 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 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 Speaker(s) Location. Verified email at yale.edu. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. I started working on growth theory during my PhD at MIT. Michael Peters Economics Department, Yale University Verified email at . Michael Peters from Yale will present Spatial Structural Change. I would love to see more quantitative work on the consequences of migration that takes such differences into account. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. 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. Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . Skip to main content In his research he focuses on economic growth and long-run economic development. The following articles are merged in Scholar. 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. hWR8~}aU)$pnf[=dXdf3
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p?dc>'53i[C^kq6C_jQylAt;23].8^AQx>nsl?Xge1Wp\g>. His research mostly focuses on macroeconomics, economic development and growth, and international trade. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. A minor in economics is open to students enrolled in any college. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Cited by. At least three aspects of this study seem particularly context specific. . Finally, he studied the process of structural change, both in the US in the past and for present-day India, emphasizing the consequences on inequality across both people and space. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Fabrizio Zilibotti. Sort. ", Peters, Michael & Severinov, Sergei, 1997. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. Virtual. Second, the refugees were allocated to rural areas and not to urban centers. (2006). Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 0q$D~;4}
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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. See all articles by Michael Peters Michael Peters. Michael Peters & Sergei Severinov, 2008. 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. 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. Powered by Create your own unique website with customizable templates. . target no need to return item. J Blaum, C Lelarge, M Peters. Winter, 1983. The Geography of Remote Work . It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Title. ", Sergei Severinov & Michael Peters, 2004. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. You can help correct errors and omissions. 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. 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. Social Menu. 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).
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", Halevy, Yoram & Peters, Michael, 2007. Start your day off right, with a Dayspring Coffee Some immigration is low-skilled, some immigration is high-skilled. Footer Menu. 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 & Szentes, Balazs, 2009. Columbia University. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Articles Cited by Co-authors. 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 What are the policy implications, if any, of this research? 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. Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. 6 October, 2021 4:00 pm-6:00 pm. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. Most demographers expect the global population to decline starting by around 2065. 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, 2006. 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. For general information on how to correct material on RePEc, see these instructions. Affiliation: Yale. 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). Peters,M. 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.