Details about Christopher Mayer

Access statistics for papers by Christopher Mayer.

Last updated 2024-03-11. Update your information in the RePEc Author Service.

Short-id: pma212

Working Papers

2014

1. Misinformed Speculators and Mispricing in the Housing Market
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
   See also Journal Article Misinformed Speculators and Mispricing in the Housing Market, The Review of Financial Studies, Society for Financial Studies (2016) View citations (55) (2016)

2012

2. A New Look at Second Liens
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
   Also in Staff Reports, Federal Reserve Bank of New York (2012) View citations (19)
   See also Chapter A New Look at Second Liens, NBER Chapters, National Bureau of Economic Research, Inc (2012) View citations (23) (2012)

2011

3. Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)
   See also Journal Article Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide, American Economic Review, American Economic Association (2014) View citations (89) (2014)

2010

4. The Inefficiency of Refinancing: Why Prepayment Penalties Are Good for Risky Borrowers
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2009

5. Subprime mortgage pricing: the impact of race, ethnicity, and gender on the cost of borrowing
   Staff Reports, Federal Reserve Bank of New York View citations (14)

2008

6. Subprime Mortgages: What, Where, and to Whom?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (118)
7. The rise in mortgage defaults
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
   See also Journal Article The Rise in Mortgage Defaults, Journal of Economic Perspectives, American Economic Association (2009) View citations (296) (2009)

2006

8. Agency Conflicts, Asset Substitution, and Securitization
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
9. Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
   Also in Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (2)
   See also Journal Article Irreversible investment, real options, and competition: Evidence from real estate development, Journal of Urban Economics, Elsevier (2009) View citations (79) (2009)
10. Superstar Cities
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (67)
    See also Journal Article Superstar Cities, American Economic Journal: Economic Policy, American Economic Association (2013) View citations (170) (2013)

2005

11. Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (690)
    Also in Staff Reports, Federal Reserve Bank of New York (2005) View citations (572)
    See also Journal Article Assessing High House Prices: Bubbles, Fundamentals and Misperceptions, Journal of Economic Perspectives, American Economic Association (2005) View citations (689) (2005)

2004

12. Do Stock Prices Really Reflect Fundamental Values? The Case of REITs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
13. Why Do Households Without Children Support Local Public Schools?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (46)

2002

14. Determinants of Real House Price Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (133)
15. Network Effects, Congestion Externalities, and Air Traffic Delays: Or Why All Delays Are Not Evil
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (7)
16. The Determinants of House Price Dynamics
    ERES, European Real Estate Society (ERES) View citations (98)
17. Why do households without children support local public schools? linking house price capitalization to school spending
    Working Papers, Federal Reserve Bank of Philadelphia View citations (5)
    See also Journal Article Why do households without children support local public schools? Linking house price capitalization to school spending, Journal of Urban Economics, Elsevier (2009) View citations (122) (2009)

2001

18. Dividend Taxes and Share Prices: Evidence from Real Estate Investment Trusts
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    See also Journal Article Dividend Taxes and Share Prices: Evidence from Real Estate Investment Trusts, Journal of Finance, American Finance Association (2003) View citations (38) (2003)
19. Loss Aversion and Seller Behavior: Evidence from the Housing Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (816)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (856)
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (2)
    See also Journal Article Loss Aversion and Seller Behavior: Evidence from the Housing Market, The Quarterly Journal of Economics, President and Fellows of Harvard College (2001) View citations (852) (2001)

1996

20. Unifying empirical and theoretical models of housing supply
    Working Papers, Federal Reserve Bank of Boston View citations (6)

1995

21. Housing Price Dynamics Within a Metropolitan Area
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in Working Papers, Federal Reserve Bank of Boston (1995) View citations (8)
    See also Journal Article Housing price dynamics within a metropolitan area, Regional Science and Urban Economics, Elsevier (1996) View citations (80) (1996)
22. Intergenerational transfers, borrowing constraints, and saving behavior: evidence from the housing market
    Working Papers, Federal Reserve Bank of Boston View citations (5)
    See also Journal Article Intergenerational Transfers, Borrowing Constraints, and Saving Behavior: Evidence from the Housing Market, Journal of Urban Economics, Elsevier (1998) View citations (68) (1998)
23. School Quality, Local Budgets, and Property Values: A Re-Examination of Capitalization
    Working Papers, Wellesley College - Department of Economics View citations (1)
24. The Housing Cycle in Massachusetts Cities and Towns: The Boom, the Bust and the Recovery
    Working Papers, Wellesley College - Department of Economics

1994

25. Equity and Time to Sale in the Real Estate Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Working Papers, Federal Reserve Bank of Boston (1993)
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1994) View citations (5)
    See also Journal Article Equity and Time to Sale in the Real Estate Market, American Economic Review, American Economic Association (1997) View citations (242) (1997)
26. Gifts, down payments, and housing affordability
    Working Papers, Federal Reserve Bank of Boston View citations (7)

1993

27. A model of real estate auctions versus negotiated sales
    Working Papers, Federal Reserve Bank of Boston
28. Reverse mortgages and the liquidity of housing wealth
    Working Papers, Federal Reserve Bank of Boston View citations (4)

Undated

29. Are Dividend Taxes Capitalized into Share Prices? Evidence from Real Estate Investment Trusts
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (1)
30. Land Supply, House Price Capitalization, and Local Spending on Schools
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (13)
31. Land Use Regulation and New Construction
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (36)
    See also Journal Article Land use regulation and new construction, Regional Science and Urban Economics, Elsevier (2000) View citations (156) (2000)
32. Regulation and Capitalization of Environmental Amenities: Evidence from the Toxic Release Inventory in Massachusetts
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (1)
    See also Journal Article Regulation and Capitalization of Environmental Amenities: Evidence from the Toxic Release Inventory in Massachusetts, The Review of Economics and Statistics, MIT Press (2003) View citations (98) (2003)
33. What Can We Learn about Investment and Capital Structure with a Better Measure of q?
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (2)

Journal Articles

2018

1. Homeownership and the American Dream
   Journal of Economic Perspectives, 2018, 32, (1), 31-58 View citations (64)

2016

2. Misinformed Speculators and Mispricing in the Housing Market
   The Review of Financial Studies, 2016, 29, (2), 486-522 View citations (55)
   See also Working Paper Misinformed Speculators and Mispricing in the Housing Market, NBER Working Papers (2014) View citations (13) (2014)

2014

3. Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide
   American Economic Review, 2014, 104, (9), 2830-57 View citations (89)
   See also Working Paper Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide, NBER Working Papers (2011) View citations (35) (2011)

2013

4. Superstar Cities
   American Economic Journal: Economic Policy, 2013, 5, (4), 167-99 View citations (170)
   See also Working Paper Superstar Cities, NBER Working Papers (2006) View citations (67) (2006)

2011

5. Housing Bubbles: A Survey
   Annual Review of Economics, 2011, 3, (1), 559-577 View citations (59)

2010

6. Issuer Credit Quality and the Price of Asset Backed Securities
   American Economic Review, 2010, 100, (2), 501-05 View citations (10)

2009

7. Irreversible investment, real options, and competition: Evidence from real estate development
   Journal of Urban Economics, 2009, 65, (3), 237-251 View citations (79)
   See also Working Paper Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development, NBER Working Papers (2006) View citations (7) (2006)
8. The Mortgage Market Meltdown and House Prices
   The B.E. Journal of Economic Analysis & Policy, 2009, 9, (3), 47 View citations (27)
9. The Rise in Mortgage Defaults
   Journal of Economic Perspectives, 2009, 23, (1), 27-50 View citations (296)
   See also Working Paper The rise in mortgage defaults, Finance and Economics Discussion Series (2008) View citations (4) (2008)
10. Why do households without children support local public schools? Linking house price capitalization to school spending
    Journal of Urban Economics, 2009, 65, (1), 74-90 View citations (122)
    See also Working Paper Why do households without children support local public schools? linking house price capitalization to school spending, Working Papers (2002) View citations (5) (2002)

2007

11. Understanding recent trends in house prices and homeownership: commentary
    Proceedings - Economic Policy Symposium - Jackson Hole, 2007, 125-137 View citations (2)

2005

12. Assessing High House Prices: Bubbles, Fundamentals and Misperceptions
    Journal of Economic Perspectives, 2005, 19, (4), 67-92 View citations (689)
    See also Working Paper Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions, NBER Working Papers (2005) View citations (690) (2005)

2003

13. Dividend Taxes and Share Prices: Evidence from Real Estate Investment Trusts
    Journal of Finance, 2003, 58, (1), 261-282 View citations (38)
    See also Working Paper Dividend Taxes and Share Prices: Evidence from Real Estate Investment Trusts, NBER Working Papers (2001) View citations (15) (2001)
14. Government regulation and changes in the affordable housing stock
    Economic Policy Review, 2003, (Jun), 45-62 View citations (11)
15. Network Effects, Congestion Externalities, and Air Traffic Delays: Or Why Not All Delays Are Evil
    American Economic Review, 2003, 93, (4), 1194-1215 View citations (171)
16. Regulation and Capitalization of Environmental Amenities: Evidence from the Toxic Release Inventory in Massachusetts
    The Review of Economics and Statistics, 2003, 85, (3), 693-708 View citations (98)
    See also Working Paper Regulation and Capitalization of Environmental Amenities: Evidence from the Toxic Release Inventory in Massachusetts, Zell/Lurie Center Working Papers View citations (1)

2002

17. Monetary policy transmission to residential investment: commentary
    Economic Policy Review, 2002, 8, (May), 159-161 View citations (1)

2001

18. Loss Aversion and Seller Behavior: Evidence from the Housing Market
    The Quarterly Journal of Economics, 2001, 116, (4), 1233-1260 View citations (852)
    See also Working Paper Loss Aversion and Seller Behavior: Evidence from the Housing Market, NBER Working Papers (2001) View citations (816) (2001)
19. Property tax limits, local fiscal behavior, and property values: evidence from Massachusetts under Proposition
    Journal of Public Economics, 2001, 80, (2), 287-311 View citations (62)

2000

20. Land use regulation and new construction
    Regional Science and Urban Economics, 2000, 30, (6), 639-662 View citations (156)
    See also Working Paper Land Use Regulation and New Construction, Zell/Lurie Center Working Papers View citations (36)
21. Residential Construction: Using the Urban Growth Model to Estimate Housing Supply
    Journal of Urban Economics, 2000, 48, (1), 85-109 View citations (119)

1999

22. Commentary on two papers on the affordability of housing for young and poor families
    Economic Policy Review, 1999, 5, (Sep), 79-83

1998

23. Chasing good schools in Massachusetts
    Regional Review, 1998, 8, (Q 3), 25-26
24. Intergenerational Transfers, Borrowing Constraints, and Saving Behavior: Evidence from the Housing Market
    Journal of Urban Economics, 1998, 44, (1), 135-157 View citations (68)
    See also Working Paper Intergenerational transfers, borrowing constraints, and saving behavior: evidence from the housing market, Working Papers (1995) View citations (5) (1995)
25. School quality and Massachusetts enrollment shifts in the context of tax limitations
    New England Economic Review, 1998, (Jul), 3-20 View citations (6)

1997

26. Equity and Time to Sale in the Real Estate Market
    American Economic Review, 1997, 87, (3), 255-69 View citations (242)
    See also Working Paper Equity and Time to Sale in the Real Estate Market, NBER Working Papers (1994) View citations (5) (1994)

1996

27. Does location matter?
    New England Economic Review, 1996, (May), 26-40 View citations (20)
28. Housing price dynamics within a metropolitan area
    Regional Science and Urban Economics, 1996, 26, (3-4), 387-407 View citations (80)
    See also Working Paper Housing Price Dynamics Within a Metropolitan Area, NBER Working Papers (1995) View citations (10) (1995)
29. Regional housing supply and credit constraints
    New England Economic Review, 1996, (Nov), 39-51 View citations (16)
30. Spatial and labor market contributions to earnings inequality: an overview
    New England Economic Review, 1996, (May), 1-10 View citations (2)

1995

31. A Model of Negotiated Sales Applied to Real Estate Auctions
    Journal of Urban Economics, 1995, 38, (1), 1-22 View citations (37)
32. The housing cycle in Eastern Massachusetts: variations among cities and towns
    New England Economic Review, 1995, (Mar), 24-40 View citations (6)

1994

33. A new look at reverse mortgages: potential market and institutional constraints
    New England Economic Review, 1994, (Mar), 15-26 View citations (6)
34. Gifts for home purchase and housing market behavior
    New England Economic Review, 1994, (May), 47-58 View citations (24)
35. The key to unlocking old money
    Regional Review, 1994, (Spr), 25

1993

36. Taxes, income distribution, and the real estate cycle: why all houses do not appreciate at the same rate
    New England Economic Review, 1993, (May), 39-50 View citations (33)

Books

2013

1. Property Prices and Real Estate Financing in a Turbulent World
   SUERF Studies, SUERF - The European Money and Finance Forum View citations (5)

Chapters

2012

1. A New Look at Second Liens
   A chapter in Housing and the Financial Crisis, 2012, pp 205-234 View citations (23)
   See also Working Paper A New Look at Second Liens, National Bureau of Economic Research, Inc (2012) View citations (24) (2012)

2010

2. Comment on "Reducing Foreclosures: New Easy Answers"
   A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010, pp 139-148
3. Dispersion in House Price and Income Growth across Markets: Facts and Theories
   A chapter in Agglomeration Economics, 2010, pp 67-104 View citations (6)