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Journal of Urban Economics, Volume 120, July 2022, 103454. ", Celik, Gorkem & Peters, Michael, 2008. 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. ", Michael Peters & Sergei Severinov, 2008. Before joining Yale University, he held a position at the London School of Economics. 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 A Revelation Principle for Competing Mechanisms The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. What are some exciting areas for further research in this area? 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. 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. 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. Financial Accounting, 11th Edition | Wiley See all articles by Michael Peters Michael Peters. Author(s) Michael Peters. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. This particular setting is, of course, close to my heart. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Being from Germany myself, one hears lots of stories about the WW2 expulsion. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics 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. Second, the refugees were allocated to rural areas and not to urban centers. Michael Peters from Yale will present Spatial Structural Change. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. Ufuk Akcigit - Google Scholar Please note that most corrections can take a couple of weeks to filter through the various RePEc services. Michael Peters Economics Department, Yale University Verified email at . 2023 National Bureau of Economic Research. This inflow increased the German population by almost 20%. All Rights Reserved. In his research he focuses on economic growth and long-run economic development. In my research I focus primarily on economic growth and long-run economic development. Social Menu. Comprehensive cases at the end of the text have been hand-picked by the authors to go hand-in-hand . Yale University - Department of Economics; Yale University - Cowles Foundation. 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. target no need to return item. 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. , & Michael Peters [NBER WP #26770] peer-reviewed publications: The Return to Big City Experience [04/22] w/ Mads Hejlesen . I am an Associate Professor in the Economics Department at Yale. Entrepreneurship - McGraw Hill Education ", Peters, Michael & Szentes, Balazs, 2009. To link different versions of the same work, where versions have a different title, use this form. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. Allen Head. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. The findings echo Acemoglu et al. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Box 21345, New . Ming Xu. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. 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. 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. ", Sergei Severinov & Michael Peters, 2004. . Research | montoya.econ.ubc.ca A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. 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. 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. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. The first months where very discouraging because so little data seemed to have survived. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods guided by a fundamental trade-off: Operating in productive locations increases output per worker, but sharing a labor market with other productive firms makes it hard to poach and retain workers. 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 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. fabian eckert For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. How do local economies respond to large increases to the size of their population? These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Michael Peters - Contact Welcome to my website! endstream endobj startxref 0 %%EOF 43 0 obj <>stream Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 The program provides rigorous training in econometrics and quantitative economics as well as in economic theory. Michael Peters & Sergei Severinov, 2008. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. 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. Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . %PDF-1.5 % U Akcigit, H Alp, M Peters. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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? Michael Peters | CEPR Most demographers expect the global population to decline starting by around 2065. 19 0 obj <> endobj 28 0 obj <>/Filter/FlateDecode/ID[<70ADE99825F75C65B66EE155A86C2D05>]/Index[19 25]/Info 18 0 R/Length 64/Prev 76524/Root 20 0 R/Size 44/Type/XRef/W[1 2 1]>>stream Research - Michael Peters January 2021 CFP 1710 Author(s) Michael Peters. Michael Peters | Yale Department of Economics We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream Fabian Eckert - Google Scholar 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. 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. Columbia University. Powered by Create your own unique website with customizable templates. hbbd``b`*@q`$3DY $,> L@)"3` 2 Fabrizio Zilibotti. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . But even within the US there are vast regional differences in the type of migrants that settle in different areas. Michael Peters - Vice President Corporate Strategy - LinkedIn 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. Macroeconomics Development Economics Growth. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Title. To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. Michael Peters | Cowles Foundation for Research in Economics It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . 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. 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). 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. The US is clearly the prime example of a country that was able to attract high-skilled migrants for a good part of the last 150 years. A minor in economics is open to students enrolled in any college. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. [PDF] Declining Dynamism, Increasing Markups and Missing Growth: The ", Michael Peters & Sergei Severinov, 2001.
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