All Rights Reserved. See all articles by Michael Peters Michael Peters. 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. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. ", Michael Peters & Ralph A. 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. The findings echo Acemoglu et al. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. Follow. Try again later. Business dynamism - namely job reallocation, firm entry and creative destruction - is declining. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. I started working on growth theory during my PhD at MIT. What motivated you to take on this research question? To what extent these findings have a direct relevance for immigration policy today, is a great question. 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. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Michael Peters. .
Michael Peters | Yale Economic Growth Center A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Title . Affiliation: Yale. 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. hbbd``b`*@q`$3DY $,> L@)"3` 2 interests: Trade, Economic Geography, and Macroeconomics contact: .
Research Conor Walsh 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. Is the rise of services only due to income effects or can growth be service-led? In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities.
Financial Accounting in an Economic Context - Jamie Pratt, Michael F I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. 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. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods 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. Ming Xu. Most demographers expect the global population to decline starting by around 2065. I think we need more work to understand what happens when the population shrinks. 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). I am an Associate Professor in the Economics Department at Yale. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier.
Research | montoya.econ.ubc.ca Publications by author | Yale Department of Economics Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 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 Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961.
PDF Heterogeneous Markups, Growth, and Endogenous Misallocation I am an Assistant Professor at the Department of Economics at the University of California, San Diego. J Blaum, C Lelarge, M Peters. American Economic Review.
fabian eckert 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). 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. 2023 National Bureau of Economic Research.
Michael Peters | VoxDev For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. Productive firms thus settle in productive. 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.
[PDF] The End of Economic Growth? Unintended Consequences of a American Economic Review 111 (1), 231-75, 2021. 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. 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.
Fabian Eckert - Google Scholar [PDF] A folk theorem for competing mechanisms | Semantic Scholar 6 October, 2021 4:00 pm-6:00 pm. The system can't perform the operation now. Conor Walsh. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 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.
Conor Walsh - Google Scholar The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). Social Menu. Virtual.
Market Size and Spatial Growth - Evidence from Germany's Post-War The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. The emergence of new cities in Rural America played a big part for this transition. . To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item.
Title. This inflow increased the German population by almost 20%. Being from Germany myself, one hears lots of stories about the WW2 expulsion. You can help correct errors and omissions. Note that if the versions have a very similar title and are in the author's profile, the links will usually be created automatically. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com
PDF MICHAEL PETERS A 2022 - Economics.yale.edu 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 | Yale Department of 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. Yale Department of Economics. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Macroeconomics Economic Growth Urban Economics. Journal of Urban Economics, Volume 120, July 2022, 103454.
We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 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. ", Peters, Michael & Severinov, Sergei, 2003. 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.