Paper | Authors | Status | Materials | Press |
Liar's Loan? - Effects of Origination Channel and Information Falsification on Mortgage Loan Delinquency
| Wei Jiang, Ashlyn Aiko Nelson, and Edward Vytlacil | Working Paper
(August 2009) |
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Stochastic House Appreciation and Optimal Mortgage Lending
| Tomasz Piskorski and Alexei Tchistyi | Working Paper
(May 2008) |
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The Inefficiency of Refinancing:
Why Prepayment Penalties Are Good for Risky Borrowers
| Chris Mayer, Tomasz Piskorski and Alexei Tchistyi | Working Paper
(May 2008)
| Slides
(April 2008)
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Subprime Mortgages: What, Where, and to Whom?
| Chris Mayer and Karen Pence
| Lincoln Land Institute Conference Honoring Chip Case on December 7, 2007
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Irreversible Investment, Real Options, and Competition: Evidence From Real-Estate Development
| Laarni Bulan, Chris Mayer, and Tsur Somerville
| Journal of Urban Economics
(forthcoming)
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| Inside Information and Market Making in Secondary Mortgage Markets | Steve Drucker and Chris Mayer | Working Paper
(Jan. 2008) | Slides
(Oct. 2007) |
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Why Do Households Without Children Support Local Public Schools? Linking House Price Capitalization to School Spending
| Christian Hilber and Chris Mayer
| Working Paper
(Oct. 2007)
| Slides
(Oct. 2006)
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Optimal Mortage Design
| Tomasz Piskorski and Alexei Tchistyi
| Working Paper
(Aug. 2007)
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Agency Conflicts, Asset Substitution, and Securitization
| Yingjin Hila Gan and Chris Mayer
| Working Paper
(June 2007)
| Slides
(June 2007) |
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Experimentation under Uninsurable Idiosyncratic Risk: An Application to Entrepreneurial Survival
| Jianjun Miao and Neng Wang
| Working Paper
(May 2007)
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Investment under Uncertainty with Strategic Debt Service
| Suresh Sundaresan and Neng Wang
| American Economic Review Papers & Proceedings
(May 2007)
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Randomly Recurring Investment Opportunities: Real Options with Illiquid Projects
| Steven R. Grenadier and Neng Wang
| Working Paper
(May 2007)
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Investment under Uncertainty and Time - Inconsistent Preferences
| Steven R. Grenadier and Neng Wang
| Journal of Financial Economics
(Apr. 2007)
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Risk, Uncertainty, and Option Exercise
| Jianjun Miao and Neng Wang
| Working Paper
(Mar. 2007)
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Agency Conflicts, Investment and Asset Pricing
| Rui Albuquerque and Neng Wang |
Journal of Finance
(forthcoming)
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Investment, Consumption, and Hedging under Incomplete Markets
| Jianjun Miao and Neng Wang
| Journal of Financial Economics
(forthcoming)
|
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What Does Certification Tell Us About Teacher Effectiveness?
Evidence from New York City
| Thomas Kane,
Jonah Rockoff, and Douglas Staiger
| Economics of Education Review (forthcoming)
|
| Ideas at Work
|
Dynamic Investment, Capital Structure, and Debt Overhang
| Suresh Sundaresan and
| Working Paper
(Dec. 2006)
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Optimal Consumption and Asset Allocation with Unknown Income Growth
| Neng Wang
| Working Paper
(Nov. 2006)
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Superstar Cities
| Joseph Gyourko, Chris Mayer, and Todd Sinai |
Working Paper
(June 2006)
| Slides
(Apr. 2006) | Ideas at Work
NBER Digest
Wall Street Journal |
Generalizing the Permanent-Income Hypothesis: Revisiting Friedman's Conjecture on Consumption
| Neng Wang
| Journal of Monetary Economics
(May 2006)
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There Goes the Neighborhood? Estimates of the Impact of Crime Risk on Property Values from Megan's Laws
| Leigh Linden and Jonah Rockoff
| Working Paper
(May 2006)
|
| Ideas at Work
NBER Digest |
What Can We Learn About the Sensitivity of Investment to Stock Prices with a Better Measure of Tobin's q?
| William Gentry
and Chris Mayer
| Working Paper
(May 2006)
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U.S. Domestic Money, Inflation, and Output
| Yunus Aksoy and Tomasz Piskorski |
Journal of Monetary Economics
(March 2006)
| |
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An Equilibrium Model of Wealth Distribution
| Neng Wang
| Journal of Monetary Economics (2006)
| working paper version with appendices
|
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Global Demographics and Their Real Estate Investment Implications
| Leanne Lachman
| Urban Land Institute Issue Paper Series (2006)
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Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions
| Charles Himmelberg,
Chris Mayer,
and Todd Sinai
| Journal of Economic Perspectives
(Winter 2005)
|
| Hermes
NBER Digest |
Investment timing, agency, and information
| Steven R. Grenadier and
Neng Wang
| Journal of Financial Economics
(March 2005)
|
| Ideas at Work
|
Precautionary saving and partially observed income
| Neng Wang
| Journal of Monetary Economics
(Nov. 2004) |
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Regulation and Capitalization of Environmental Amenities:
Evidence From the Toxic Release Inventory in Massachusetts
| Linda Bui and
Chris Mayer
| Review of Economics and Statistics
(Aug. 2003)
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Are Dividend Taxes Capitalized Into Share Prices:
Evidence From Real-Estate Investment Trusts
| William Gentry, Deen Kemsley, and Chris Mayer
| Journal of Finance (Feb. 2003) |
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The Effects of Share Prices Relative to Fundamental Value on Stock Issuances and Repurchases
| William Gentry
and Chris Mayer
| Working Paper
(Jan. 2003) |
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Caballero Meets Bewley: The Permanent-Income Hypothesis in General Equilibrium
| Neng Wang
| American Economic Review (2003) |
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Robust Permanent Income and Pricing with Filtering
| Lars Peter Hansen, Thomas Sargent, and
Neng Wang
| Macroeconomic Dynamics (2002)
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Loss Aversion and Seller Behavior: Evidence from the Housing Market
| David Genesove and Chris Mayer
| Quarterly Journal of Economics
(Nov. 2001) |
| Ideas at Work
|
Property Tax Limits, Local Fiscal Behavior, and Property Values: Evidence from Massachusetts Under Proposition 2 1/2
| Katherine Bradbury,
Chris Mayer,
and Karl Case
| Journal of Public Economics
(May 2001) |
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Land Use Regulation and New Construction
| Chris Mayer and Tsur Somerville
| Regional Science and Urban Economics
(Dec. 2000)
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Residential Construction: Using the Urban Growth Model to Estimate Housing Supply
| Chris Mayer and Tsur Somerville
| Journal of Urban Economics
(July 2000) |
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Assessing the Performance of Real-Estate Auctions
| Chris Mayer
| Real Estate Economics (1998) |
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School Quality and Massachusetts Enrollment Shifts in the Context of Tax Limitations
| Katherine Bradbury,
Karl Case, and
Chris Mayer
| New England Economic Review
(Jul/Aug 1998)
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Intergenerational Transfers, Borrowing Constraints, and Saving Behavior: Evidence from the Housing Market
| Gary Engelhardt and Chris Mayer
| Journal of Urban Economics
(July 1998) |
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Equity and Time to Sale in the Real Estate Market
| David Genesove and Chris Mayer
| American Economic Review
(June 1997) |
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Regional Housing Supply and Credit Constraints
| Chris Mayer and Tsur Somerville
| New England Economic Review
(Nov/Dec 1996) |
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Housing Price Dynamics Within a Metropolitan Area
| Karl Case and
Chris Mayer
| Regional Science and Urban Economics
(June 1996) |
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Gifts, Down Payments, and Housing Affordability
| Gary Engelhardt and Chris Mayer
| Journal of Housing Research (1996)
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A Model of Negotiated Sales Applied to Real Estate Auctions
| Chris Mayer
| Journal of Urban Economics
(July 1995) |
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The Housing Cycle in Eastern Massachusetts: Variations among Cities and Towns
| Karl Case and
Chris Mayer
| New England Economic Review
(May/June 1994)
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Reverse Mortgages and the Liquidity of Housing Wealth
| Chris Mayer and Katerina Simons |
AREUEA Journal (1994) |
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