Michael Peters

1 Personal Data

Address: Department of Economics
University of British Columbia
997-1873 East Mall
Vancouver, Canada
V6T 1Z1

Phone 604-8224418

email: peters@econ.ubc.ca

www: http://montoya.econ.ubc.ca

Citizenship: Canadian

2 Education:

B.A. McGill University (1975)

MBA Queen's University (1977) ”On the Economics of Crime”

PhD Queens University (1980) ”Three Essays on the Economics of Uncertainty”

3 Appointments

1978-79 Lecturer Queen's University

1979-80 Lecturer University of British Columbia

1980-86 Assistant Professor University of Toronto

1986-1994 Associate Professor University of Toronto

1994-2003 Professor University of Toronto

2003-present Professor University of British Columbia

4 Visiting Appointments:

1986 Visiting Scholar Centre for Math. Studies Northwestern University

1986 Visiting Fellow Clare Hall Cambridge England

1989 Visiting Scholar UC San Diego

1987 - 1993 Visiting Researcher Universite de Montreal

1994 Visiting Associate Professor University of British Columbia

1995 Erskine Visiting Professor University of Canterbury

2001 Visiting Professor, Nuffield College, Oxford

2002 Visiting Professor, Economic Theory Center, Melbourne

5 Publications

A Folk Theorem for Competing Mechanisms, with Cristian Troncoso Valverde
to appear Journal of Economic Theory

Contractible and Definable Contracts (with Balazs Szentes)
Econometrica January 2012 Volume 80, Issue 1 pp 363–411

Equilibrium Rejection of a Mechanism,
Games and Economic Behavior, November 2012, Volume 73, Issue 2 pp 375–387

Non-Contractible Heterogeneity in Directed Search,
Econometrica July 2012 Volume 78, Issue 4 pp 1173–1200.

Innis Lecture: Hedonic Equilibrium
- Canadian Journal of Economics, 40,pp 1069, (2007)

An Ascending Double Auction
- Economic Theory, (2007)

The Pre-Marital Investment Game
- Journal of Economic Theory, 137, pp 186-213,(2007)

Erratum to Take it or Leave it in Common Agency
- Journal of Economic Theory, 135, pp594-595,(2007)

Internet Auctions with Many Traders (with Sergei Severinov),
(130) pp 220-245, Journal of Economic Theory (2006)

Take it or Leave it vs Negotiation in Common Agency
- Journal of Economic Theory, 111, pp 88-109, (2003)

Pure Strategies and No Externalities with Multiple Agents
- Economic Theory, 23, pp 183–194 (2004)

Competing Premarital Investments (with Aloysius Siow)
- Journal of Political Economy 110: 592-608 (2002)

Common Agency and the Revelation Principle
-Econometrica 69 (5) pp 1349–1372 (September 2001)

Surplus Extraction and Competition
– Review of Economic Studies 68 (3) pp 613–633 (July 2001)

Limits of Exact Equilibria for Capacity Constrained Sellers with Costly Search
-Journal of Economic Theory 95(2) December 2000 pp 139–168

Competition Among Mechanism Designers in a Common Value Environment
- (1999) Review of Economic Design vol 4, issue 3 pp 273-292

A Revelation Principle for Competing Mechanisms (with Larry Epstein)
- (1999) Journal of Economic Theory 88(1) September 99 pp 119-161

“A Competitive Distribution of Auctions”
Review of Economic Studies 64: (1) 97-123 January 1997

”On the Equivalence of Walrasian and Non-Walrasian Equilibria in Contract Markets”
Review of Economic Studies 64: (2) 241-264 April 1997

(with Sergei Severinov) Competition Among Sellers who offer Auctions instead of Prices
Journal of Economic Theory 75: (1) 141-179 July 1997

”Decentralized Markets and Endogenous Institutions”
Canadian Journal of Economics 28: (2) 227-260 May 1995

”Equilibrium Mechanisms in a Decentralized Market”
Journal of Economic Theory, 64 no 2, December 1994, pp 390–423

”Incentive Consistent Matching Processes are Walrasian”
Journal of Economic Theory 64,2,1994 pp-103-115.

(with Carl Ehrman) ”Sequential Selling Mechanisms”
Economic Theory 4,1993, 237–253

(with Arthur Hosios) ”Self Selection and Monitoring in Dynamic Incentive Problems”
Review of Economic Studies vol. 60 no. 202 January 1993 149–175

”On the Efficiency of Ex Ante and Ex Post Pricing Institutions”
Economic Theory vol 2 no 2 1991

”Ex Ante Pricing in Matching Games: Non Steady States”
Econometrica vol 59 no 5 August 1991

(with Arthur Hosios) ”Experience Rating and Limited Commitment in Repeated Insurance Problems”
Quarterly Journal of Economics May 1989

(with Ralph Winter) ”A Research and Development Game with Publicly Observable Outcomes”
Journal Of Economic Theory vol 40 no. 2 Dec 1986

”Immobility, Rationing, and Price Competition”
Review of Economic Studies vol. 52 1985

”Bertrand Equilibrium with Capacity Constraints and Restricted Mobility”
Econometrica vol 52, September 1984

”Restrictions on Price Advertising”
Journal of Political Economy vol 92 no. 3 June 1984

(with Ralph Winter) ”Market Equilibrium and the Resolution of Uncertainty”
Canadian Journal of Economics vol 16 no. 3 August 1983

”Labour Contracts in a Stock Market Economy”
Journal of Economic Theory vol 30 August 1983

”Imperfectly Enforceable Contracts”
Canadian Journal of Economics. vol 15 no. 2, 1982

(with R. Cassidy and R. Turner) ”Interrelation of Criminal Justice System Resources and Workload”
INFOR vol 19, no. 2 May 1981

(with R. Cassidy and R. Turner) ”Causal Inference: The use of Partial Cross Lagged Correlations”
C.A.A.S Conference Proceedings 1976.

6 Recent Papers

Non-cooperative Foundations of Hedonic Equilibrium - Microeconomics.ca working paper http://microeconomics.ca/michael_peters/dup_matching_limit_sequential.pdf

Truncated Hedonic Equilibrium - Microeconomics.ca working paper http://microeconomics.ca/michael_peters/truncated_hedonic.pdf

The Ultimatum Game: Interdependent Preferences in an Experimental Setting - with Yoram Halevy http://montoya.econ.ubc.ca/ultimatum_game/ultimatum-game.pdf

Matching by Luck or Search, with Pai Xu and Kun Li.

7 Other non-refereed publications:

Discussion Summaries New Developments in the Analysis of Market Structure edited by Joseph Stiglitz and Frank Mathewson Macmillan (1989)

Advanced Microeconomics - open source micro textbook - http://montoya.econ.ubc.ca/Econ304/book/

8 Other Academic Responsibilities

Associate Researcher Centre pour le development de Recherche en Economie Universite de Montreal 1991-present;

Organizer of the Canadian Economic Theory Conference University of Toronto May 1991, May 1994, May 1999

Organizer UBC Summer Workshop in Economic Theory, August 2004,2005,2006

Referee: Canadian Journal of Economics, Review of Economic Studies, Econometrica, Journal of Economic Theory, Rand Journal of Economics, American Economic Review, International Economic Review, National Science Foundation, Social Sciences and Humanities Research Foundation, FCAR

Econjobmarket Board of Directors

9 Grants Awarded:

Social Sciences and Humanities Research Council of Canada Research Grant 1986 $3000 Economics of Uncertainty

Social Sciences and Humanities Research Council of Canada Leave Grant 1987 $3000 Competion and Directed Matching

Social Sciences and Humanities Research Council of Canada Grant in aid to Occasional Scholarly Conferences 1991 $1000 Canadian Economic Theory Conference

University of Toronto Humanities and Social Sciences Committee Grant in Aid 1985 $1000 Competition in Contracts

University of Toronto Humanities and Social Sciences Committee Grant in Aid 1986 $1000 Competition in Contracts

Social Sciences and Humanities Research Council Research grant 1992 $10000 Directed Matching

SSHRC Strategic Grant 1992 part of CRDE application

Social Sciences and Humanities Research Council Award to occasional Scholarly Conference 1994 $9000 Contractual Complexity

Social Sciences and Humanities Research Council Research grant 1997 $11,000 Competition among Auctions

Social Sciences and Humanities Research Council Research grant 2000 $13,000 Competition and Contracutal Simplicity

Social Sciences and Humanities Research Council of Canada grant 2003 $15,000 Competition In Contracts

10 Other Awards:

Harry Johnson Prize (best published paper in Canadian Journal of Economics) shared with Ralph Winter 1983

Clare Hall Life Fellow

Erskine Fellowship Canterbury University 1998

Rae Prize (Canadian Economics Association Research Prize) 2002

Killam Research Prize, University of British Columbia, 2006

Fellow of the Econometric Society, 2007