by Topic

Research Papers by Topic

Lending and Securitization
Real Estate Prices and Supply
REITS and Real Estate Finance
Schools and Housing

Lending and Securitization

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)
Private Information and Market Making in Secondary Mortgage Markets	Steve Drucker and Chris Mayer	Working Paper (Nov. 2007)
Optimal Mortage Design	Tomasz Piskorski and Alexei Tchistyi	Working Paper (August 2007)
Agency Conflicts, Asset Substitution, and Securitization	Yingjin Hila Gan and Chris Mayer	Working Paper (June 2007)	Slides (Dec. 2006)
Equity and Time to Sale in the Real Estate Market	David Genesove and Chris Mayer	American Economic Review (1997)
Reverse Mortgages and the Liquidity of Housing Wealth	Chris Mayer and Katerina Simons	AREUEA Journal (1994)

Real Estate Prices and Supply

Paper	Authors	Status	Materials	Press
Global Demographics and Their Real Estate Investment Implications	Leanne Lachman	Urban Land Institute Issue Paper Series (2006)
Superstar Cities	Joseph Gyourko, Chris Mayer, and Todd Sinai	Working Paper (June 2006)	Slides (Apr. 2006)	Ideas at Work NBER Digest Wall Street Journal
Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions	Charles Himmelberg, Chris Mayer, and Todd Sinai	Journal of Economic Perspectives (Winter 2005)
Land Use Regulation and New Construction	Chris Mayer and Tsur Somerville	Regional Science and Urban Economics (Dec. 2000)
Residential Construction: Using the Urban Growth Model to Estimate Housing Supply	Chris Mayer and Tsur Somerville	Journal of Urban Economics (July 2000)
Assessing the Performance of Real-Estate Auctions	Chris Mayer	Real Estate Economics (1998)

REITS and Real Estate Finance

Paper	Authors	Status	Materials	Press
Irreversible Investment, Real Options, and Competition: Evidence From Real-Estate Development	Laarni Bulan, Chris Mayer, and Tsur Somerville	Working Paper (Oct. 2007)
Optimal Mortage Design	Tomasz Piskorski and Alexei Tchistyi	Working Paper (Aug. 2007)
Experimentation under Uninsurable Idiosyncratic Risk: An Application to Entrepreneurial Survival	Jianjun Miao and Neng Wang	Working Paper (May 2007)
Investment under Uncertainty with Strategic Debt Service	Suresh Sundaresan and Neng Wang	American Economic Review Papers & Proceedings (May 2007)
Investment under Uncertainty and Time - Inconsistent Preferences	Steven R. Grenadier and Neng Wang	Journal of Financial Economics (April 2007)
Risk, Uncertainty, and Option Exercise	Jianjun Miao and Neng Wang	Working Paper (Mar. 2007)
Agency Conflicts, Investment and Asset Pricing	Rui Albuquerque and Neng Wang	Journal of Finance (forthcoming)
Investment, Consumption, and Hedging under Incomplete Markets	Jianjun Miao and Neng Wang	Journal of Financial Economics (forthcoming)
Dynamic Investment, Capital Structure, and Debt Overhang	Suresh Sundaresan and Neng Wang	Working Paper (Dec. 2006)
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)
Generalizing the Permanent-Income Hypothesis: Revisiting Friedman's Conjecture on Consumption	Neng Wang	Journal of Monetary Economics (May 2006)
An Equilibrium Model of Wealth Distribution	Neng Wang	Journal of Monetary Economics (2006)	working paper version with appendices
Investment timing, agency, and information	Steven R. Grenadier and Neng Wang	Journal of Financial Economics (Mar. 2005)		Ideas at Work
Precautionary saving and partially observed income	Neng Wang	Journal of Monetary Economics (Nov. 2004)
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)
The Effects of Share Prices Relative to Fundamental Value on Stock Issuances and Repurchases	William Gentry and Chris Mayer	Working Paper (Jan. 2003)
Caballero Meets Bewley: The Permanent-Income Hypothesis in General Equilibrium	Neng Wang	American Economic Review (2003)
Robust Permanent Income and Pricing with Filtering	Lars Peter Hansen, Thomas Sargent, and Neng Wang	Macroeconomic Dynamics (2002)

Schools and Housing

Paper	Authors	Status	Materials	Press
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)
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
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
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)
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)