endstream endobj startxref 0 %%EOF 43 0 obj <>stream Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . To what extent these findings have a direct relevance for immigration policy today, is a great question. ", Michael Peters & Sergei Severinov, 1995. ", Peters, Michael & Severinov, Sergei, 2003. I am an Assistant Professor at the Department of Economics at the University of California, San Diego. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Yale Department of Economics. In his research he focuses on economic growth and long-run economic development. At least three aspects of this study seem particularly context specific. 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. In this paper, I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. 6 October, 2021 4:00 pm-6:00 pm. 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. 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. Try again later. Their, This "Cited by" count includes citations to the following articles in Scholar. 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. Columbia University. 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. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Michael Peters. What are some exciting areas for further research in this area? 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. 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. Research - Michael Peters Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Verified email at columbia.edu - Homepage. 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. 180 * 2021: I think we need more work to understand what happens when the population shrinks. Title . He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Michael Peters - Vancouver School of Economics ", Peters, Michael & Szentes, Balazs, 2009. This particular setting is, of course, close to my heart. All material on this site has been provided by the respective publishers and authors. 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 [PDF] A folk theorem for competing mechanisms | Semantic Scholar [8] To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. firm and location productivity arecomplements and labor market frictions are sufficiently large. %PDF-1.5 % Journal of Urban Economics, Volume 120, July 2022, 103454. 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. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . 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). Research Conor Walsh U Akcigit, H Alp, M Peters. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. 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). Michael Peters | NBER hb```f``} cf`ah`.d0 And they, luckily, had taken pictures of the old census publications, which I could digitize. I am an Associate Professor in the Economics Department at Yale. Peters,M. Before joining Yale University, he held a position at the London School of Economics. interests: Trade, Economic Geography, and Macroeconomics contact: . (2006). [PDF] The End of Economic Growth? Unintended Consequences of a The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Box 21345, New . Research | montoya.econ.ubc.ca 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 - Google Scholar The system can't perform the operation now. 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. 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. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 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. 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 Porter - Wikipedia Being from Germany myself, one hears lots of stories about the WW2 expulsion. Research. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. 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 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 hbbd``b`*@q`$3DY $,> L@)"3` 2 Solutions Manual - Michael Peters Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 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. Population Growth and Firm-Product Dynamics (with Michael Peters) Population growth has declined markedly in almost all major economies. Michael Peters | Yale Economic Growth Center Articles Cited by Co-authors. 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. 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. Michael Peters | Cowles Foundation for Research in Economics What motivated you to take on this research question? 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. 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. 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? 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. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. Phone (613) 533-2250 Fax (613) 533-6668 Email https . You can help correct errors and omissions. Michael Peters, Yale - 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. ", Peters, Michael & Severinov, Sergei, 2006. Skip to main content ", Celik, Gorkem & Peters, Michael, 2008. Speaker(s) Location. Ming Xu. Penn State now offers a two-year program designated only for the M.A. 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 | Queen's Economics Department There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. ", Peters, Michael & Severinov, Sergei, 1997. 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. This inflow increased the German population by almost 20%. How do local economies respond to large increases to the size of their population? Economics Department, Yale University - Cited by 1,053 - Macroeconomics - Development Economics - Growth . Fabrizio Zilibotti. All Rights Reserved. Productive firms thus settle in productive. But even within the US there are vast regional differences in the type of migrants that settle in different areas. Second, the refugees were allocated to rural areas and not to urban centers. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Sort by citations Sort by year Sort by title. I think there are so many related interesting and important questions to work on. J Blaum, C Lelarge, M Peters. PDF MICHAEL PETERS A 2022 - Economics.yale.edu Some immigration is low-skilled, some immigration is high-skilled. 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. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. 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 "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. New Research by Michael Peters on the Economic Consequences of Refugee His research mostly focuses on macroeconomics, economic development and growth, and international trade. 37 (2), pages 281-306, November. Michael Porter is the author of 20 books and numerous articles including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition. Fabian Eckert - Google Scholar I would love to see more quantitative work on the consequences of migration that takes such differences into account. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries.