Christopher J. Mayer

Columbia Business School - Finance and Economics

Professor

3022 Broadway

New York, NY 10027

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

35

DOWNLOADS
Rank 4,111

SSRN RANKINGS

Top 4,111

in Total Papers Downloads

7,833

CITATIONS
Rank 434

SSRN RANKINGS

Top 434

in Total Papers Citations

1,067

Scholarly Papers (35)

Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development

Journal of Urban Economics, Vol. 65, pp. 237-251, 2009
Number of pages: 44 Posted: 22 Jan 2003 Last Revised: 27 Jul 2011
Laarni T. Bulan, Christopher J. Mayer and C. Tsuriel Somerville
Cornerstone Research, Columbia Business School - Finance and Economics and University of British Columbia (UBC) - Division of Strategy and Business Economics
Downloads 1,234 (11,807)
Citation 24

Abstract:

real options, real estate, uncertainty, investment

Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development

NBER Working Paper No. w12486
Number of pages: 37 Posted: 29 Sep 2006
Laarni T. Bulan, Christopher J. Mayer and C. Tsuriel Somerville
Cornerstone Research, Columbia Business School - Finance and Economics and University of British Columbia (UBC) - Division of Strategy and Business Economics
Downloads 51 (322,185)
Citation 24

Abstract:

Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development

Journal of Urban Economics, Vol. 65, No. 3, pp. 237-51, 2009
Number of pages: 44 Posted: 26 Oct 2011
Laarni T. Bulan, Christopher J. Mayer and C. Tsuriel Somerville
Cornerstone Research, Columbia Business School - Finance and Economics and University of British Columbia (UBC) - Division of Strategy and Business Economics
Downloads 40 (357,719)
Citation 24

Abstract:

Dividend Taxes and Share Prices: Evidence from Real Estate Investment Trusts

Number of pages: 36 Posted: 17 Jan 2001
William M. Gentry, Deen Kemsley and Christopher J. Mayer
Williams College - Department of Economics, Tulane University - Accounting & Taxation and Columbia Business School - Finance and Economics
Downloads 685 (28,435)
Citation 27

Abstract:

Dividend Taxes and Share Prices: Evidence from Real Estate Investment Trusts

NBER Working Paper No. w8486
Number of pages: 39 Posted: 28 Sep 2001
William M. Gentry, Deen Kemsley and Christopher J. Mayer
Williams College - Department of Economics, Tulane University - Accounting & Taxation and Columbia Business School - Finance and Economics
Downloads 56 (307,893)
Citation 27

Abstract:

Dividend Taxes and Share Prices: Evidence from Real Estate Investment Trusts

Journal of Finance, Vol. 58, pp. 261-282, 2003
Posted: 11 Sep 2003
William M. Gentry, Deen Kemsley and Christopher J. Mayer
Williams College - Department of Economics, Tulane University - Accounting & Taxation and Columbia Business School - Finance and Economics

Abstract:

Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide

Columbia Law and Economics Working Paper No. 404, Kreisman Working Papers Series in Housing Law and Policy No. 4
Number of pages: 59 Posted: 16 May 2011 Last Revised: 08 Jan 2015
Christopher J. Mayer, Edward R. Morrison, Tomasz Piskorski and Arpit Gupta
Columbia Business School - Finance and Economics, Columbia Law School, Columbia Business School - Finance and Economics and Columbia University - Columbia Business School
Downloads 697 (27,752)
Citation 11

Abstract:

Strategic behavior, mortgage modification, default, foreclosure crisis, Countrywide

Mortgage Modification and Strategic Behavior: Evidence from a Legal Settlement with Countrywide

NBER Working Paper No. w17065
Number of pages: 58 Posted: 23 May 2011
Christopher J. Mayer, Edward R. Morrison, Tomasz Piskorski and Arpit Gupta
Columbia Business School - Finance and Economics, Columbia Law School, Columbia Business School - Finance and Economics and Columbia University - Columbia Business School
Downloads 34 (380,276)
Citation 11

Abstract:

Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions

FRB Staff Report No. 218
Number of pages: 42 Posted: 04 Oct 2005
Charles P. Himmelberg, Christopher J. Mayer and Todd M. Sinai
Goldman, Sachs & Co., Columbia Business School - Finance and Economics and University of Pennsylvania - The Wharton School
Downloads 609 (33,381)
Citation 145

Abstract:

housing prices, housing rents, user costs, fundamentals, bubbles

Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions

NBER Working Paper No. w11643
Number of pages: 42 Posted: 23 Nov 2005
Charles P. Himmelberg, Christopher J. Mayer and Todd M. Sinai
Goldman, Sachs & Co., Columbia Business School - Finance and Economics and University of Pennsylvania - The Wharton School
Downloads 71 (271,328)
Citation 145

Abstract:

The Inefficiency of Refinancing: Why Prepayment Penalties are Good for Risky Borrowers

Number of pages: 58 Posted: 25 Mar 2008 Last Revised: 06 Sep 2012
Christopher J. Mayer, Tomasz Piskorski and Alexei Tchistyi
Columbia Business School - Finance and Economics, Columbia Business School - Finance and Economics and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 566 (36,842)
Citation 12

Abstract:

Inefficiency of refinancing, prepayment penalties, risky borrowers, mortgages

The Inefficiency of Refinancing: Why Prepayment Penalties are Good for Risky Borrowers

NBER Working Paper No. w16586
Number of pages: 54 Posted: 06 Dec 2010
Christopher J. Mayer, Tomasz Piskorski and Alexei Tchistyi
Columbia Business School - Finance and Economics, Columbia Business School - Finance and Economics and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 45 (340,813)
Citation 12

Abstract:

6.

What Can We Learn about Investment and Capital Structure with a Better Measure of q?

AFA 2003 Washington, DC Meetings
Number of pages: 50 Posted: 15 Dec 2002
William M. Gentry and Christopher J. Mayer
Williams College - Department of Economics and Columbia Business School - Finance and Economics
Downloads 531 (39,304)
Citation 3

Abstract:

7.
Downloads 434 ( 52,303)
Citation 65

Superstar Cities

Number of pages: 53 Posted: 02 Aug 2006
Christopher J. Mayer, Joseph Gyourko and Todd M. Sinai
Columbia Business School - Finance and Economics, University of Pennsylvania - Real Estate Department and University of Pennsylvania - The Wharton School
Downloads 300 (80,113)
Citation 65

Abstract:

house prices, income inequality, housing supply

Superstar Cities

NBER Working Paper No. w12355
Number of pages: 54 Posted: 20 Jul 2006
Joseph Gyourko, Christopher J. Mayer and Todd M. Sinai
University of Pennsylvania - Real Estate Department, Columbia Business School - Finance and Economics and University of Pennsylvania - The Wharton School
Downloads 134 (174,933)
Citation 65

Abstract:

8.

Determinants of Real House Price Dynamics

NBER Working Paper No. w9262
Number of pages: 35 Posted: 11 Oct 2002
Ross School of Business, University of Michigan, University of Aberdeen - Centre for Property Research, University of Michigan at Ann Arbor and Columbia Business School - Finance and Economics
Downloads 338 (67,021)
Citation 33

Abstract:

9.

Essay: A New Proposal for Loan Modifications

Yale Journal on Regulation, Vol. 26, No. 2, pp. 417-429, 2009
Number of pages: 13 Posted: 26 Oct 2011
Christopher J. Mayer, Edward R. Morrison and Tomasz Piskorski
Columbia Business School - Finance and Economics, Columbia Law School and Columbia Business School - Finance and Economics
Downloads 288 (83,436)
Citation 10

Abstract:

10.

Government Regulation and Changes in the Affordable Housing Stock

Economic Policy Review, Vol. 9, No. 2, June 2003
Number of pages: 18 Posted: 25 Aug 2005
C. Tsuriel Somerville and Christopher J. Mayer
University of British Columbia (UBC) - Division of Strategy and Business Economics and Columbia Business School - Finance and Economics
Downloads 240 (92,132)
Citation 3

Abstract:

housing, affordability, renters, regulation

11.

Property Tax Limits and Local Fiscal Behavior: Did Massachusetts Cities and Towns Spend Too Little on Town Services under Proposition 2.5

Number of pages: 44 Posted: 21 Mar 1997
Katharine Bradbury, Christopher J. Mayer and Karl E. Case
Federal Reserve Bank of Boston, Columbia Business School - Finance and Economics and Wellesley College
Downloads 211 (108,225)
Citation 2

Abstract:

12.

Sponsor Risk and the Performance of Asset-Backed Securities

Columbia Business School Research Paper No. 11-6
Number of pages: 44 Posted: 25 Aug 2011
Christopher J. Mayer, Kathleen Johnson and Oliver Faltin-Traeger
Columbia Business School - Finance and Economics, Board of Governors of the Federal Reserve - Division of Research and Statistics and Columbia University - Columbia Business School
Downloads 209 (109,127)

Abstract:

13.

Do Stock Prices Really Reflect Fundamental Values? The Case of Reits

NBER Working Paper No. w10850
Number of pages: 39 Posted: 27 Oct 2004
William M. Gentry, Charles M. Jones and Christopher J. Mayer
Williams College - Department of Economics, Columbia Business School - Finance and Economics and Columbia Business School - Finance and Economics
Downloads 195 (104,917)
Citation 6

Abstract:

14.

The Mortgage Market Meltdown and House Prices

B.E. Journal of Economic Analysis & Policy, Vol. 9, No. 3, Article 8, 2009
Number of pages: 47 Posted: 27 Oct 2011
R. Glenn Hubbard and Christopher J. Mayer
Columbia Business School - Finance and Economics and Columbia Business School - Finance and Economics
Downloads 175 (105,847)
Citation 13

Abstract:

15.

Subprime Mortgage Pricing: The Impact of Race, Ethnicity, and Gender on the Cost of Borrowing

FRB of New York Staff Report No. 368
Number of pages: 35 Posted: 07 Apr 2009
Andrew Haughwout, Christopher J. Mayer and Joseph S. Tracy
Federal Reserve Bank of New York, Columbia Business School - Finance and Economics and Federal Reserve Bank of New York
Downloads 114 (190,126)
Citation 9

Abstract:

Subprime, Mortgages, HMDA

16.

Subprime Mortgages: What, Where, and to Whom?

NBER Working Paper No. w14083
Number of pages: 43 Posted: 22 Jun 2008
Christopher J. Mayer and Karen M. Pence
Columbia Business School - Finance and Economics and Board of Governors of the Federal Reserve System
Downloads 101 (214,043)
Citation 47

Abstract:

17.

The Rise in Mortgage Defaults

Journal of Economic Perspectives, Vol. 23, No. 1, pp. 27-50, 2009
Number of pages: 24 Posted: 27 Oct 2011
Christopher J. Mayer, Karen M. Pence and Shane M. Sherlund
Columbia Business School - Finance and Economics, Board of Governors of the Federal Reserve System and Federal Reserve Board of Governors
Downloads 100 (175,460)
Citation 80

Abstract:

18.

Loss Aversion and Seller Behavior: Evidence from the Housing Market

NBER Working Paper No. w8143
Number of pages: 42 Posted: 08 Mar 2001
David Genesove and Christopher J. Mayer
Hebrew University of Jerusalem - Department of Economics and Columbia Business School - Finance and Economics
Downloads 88 (227,812)
Citation 211

Abstract:

19.

Agency Conflicts, Asset Substitution, and Securitization

NBER Working Paper No. w12359
Number of pages: 42 Posted: 20 Jul 2006
Christopher J. Mayer and Yingjin Hila Gan
Columbia Business School - Finance and Economics and Lehman Brothers, New York
Downloads 81 (237,708)
Citation 13

Abstract:

20.

Network Effects, Congestion Externalities, and Air Traffic Delays: Or Why All Delays are Not Evil

NBER Working Paper No. w8701
Number of pages: 54 Posted: 10 Jan 2002
Christopher J. Mayer and Todd M. Sinai
Columbia Business School - Finance and Economics and University of Pennsylvania - The Wharton School
Downloads 76 (246,628)
Citation 24

Abstract:

21.
Downloads 69 (272,839)
Citation 4

A New Look at Second Liens

FRB of New York Staff Report No. 569, Columbia Business School Research Paper No. 12/45
Number of pages: 40 Posted: 15 Aug 2012
Donghoon Lee, Christopher J. Mayer and Joseph S. Tracy
Federal Reserve Bank of New York, Columbia Business School - Finance and Economics and Federal Reserve Bank of New York
Downloads 54 (313,452)
Citation 4

Abstract:

mortgage, second lien

A New Look at Second Liens

NBER Working Paper No. w18269
Number of pages: 40 Posted: 01 Sep 2012
Donghoon Lee, Christopher J. Mayer and Joseph S. Tracy
Federal Reserve Bank of New York, Columbia Business School - Finance and Economics and Federal Reserve Bank of New York
Downloads 15 (478,791)
Citation 4

Abstract:

22.

Why Do Households Without Children Support Local Public Schools?

NBER Working Paper No. w10804
Number of pages: 49 Posted: 29 Sep 2006
Christian A. L. Hilber and Christopher J. Mayer
London School of Economics (LSE) - Department of Geography and Environment and Columbia Business School - Finance and Economics
Downloads 49 (311,553)
Citation 20

Abstract:

23.

Equity and Time to Sale in the Real Estate Market

NBER Working Paper No. w4861
Number of pages: 32 Posted: 16 May 2000
David Genesove and Christopher J. Mayer
Hebrew University of Jerusalem - Department of Economics and Columbia Business School - Finance and Economics
Downloads 41 (328,766)
Citation 75

Abstract:

24.

Lemons and CDOs: Why Did so Many Lenders Issue Poorly Performing CDOs?

Columbia Business School Research Paper No. 14-50
Number of pages: 50 Posted: 29 Sep 2014
Oliver Faltin-Traeger and Christopher J. Mayer
Columbia University - Columbia Business School and Columbia Business School - Finance and Economics
Downloads 40 (300,946)
Citation 1

Abstract:

CDO, ABS, structured finance, securitization

25.

Housing Price Dynamics within a Metropolitan Area

NBER Working Paper No. w5182
Number of pages: 30 Posted: 06 Sep 2000
Karl E. Case and Christopher J. Mayer
Wellesley College and Columbia Business School - Finance and Economics
Downloads 39 (344,124)
Citation 24

Abstract:

26.

Loss Aversion and Seller Behaviour: Evidence from the Housing Market

CEPR Discussion Paper No. 2813
Number of pages: 48 Posted: 01 Jun 2001
David Genesove and Christopher J. Mayer
Hebrew University of Jerusalem - Department of Economics and Columbia Business School - Finance and Economics
Downloads 21 (430,056)
Citation 201
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Abstract:

Housing markets, loss aversion, prospect theory

27.

Commentary

Economic Policy Review, Vol. 5, No. 3, September 1999
Number of pages: 5 Posted: 14 Sep 2007
Christopher J. Mayer
Columbia Business School - Finance and Economics
Downloads 17 (430,056)
Citation 1

Abstract:

income inequality

28.

Misinformed Speculators and Mispricing in the Housing Market

NBER Working Paper No. w19817
Number of pages: 42 Posted: 17 Jan 2014
Alexander Chinco and Christopher J. Mayer
University of Illinois at Urbana-Champaign - College of Business and Columbia Business School - Finance and Economics
Downloads 6 (500,458)
Citation 1

Abstract:

29.

Housing Bubbles: A Survey

Annual Review of Economics, Vol. 3, pp. 559-577, 2011
Posted: 31 Aug 2011
Christopher J. Mayer
Columbia Business School - Finance and Economics

Abstract:

30.

Residential Construction: Using the Urban Growth Model to Estimate Housing Supply

Journal of Urban Economics, Vol. 48, No. 1, pp. 85-109, July 2000
Posted: 17 Jul 2000
Christopher J. Mayer and C. Tsuriel Somerville
Columbia Business School - Finance and Economics and University of British Columbia (UBC) - Division of Strategy and Business Economics

Abstract:

31.

Reverse Mortgages and the Liquidity of Housing Wealth

JOURNAL OF THE AMERICAN REAL ESTATE AND URBAN ECONOMICS ASSOCIATION, Vol 22 No 2 Summer, 1994
Posted: 10 May 2000
Christopher J. Mayer
Columbia Business School - Finance and Economics

Abstract:

32.

School Quality and Massachusetts Enrollment Shifts in the Context of Tax Limitations

Wellesley College Working Paper No. 98-12
Posted: 12 Nov 1998
Karl E. Case, Katharine Bradbury and Christopher J. Mayer
Wellesley College, Federal Reserve Bank of Boston and Columbia Business School - Finance and Economics

Abstract:

33.

Intergenerational Transfers, Borrowing Constraints, and Saving Behavior: Evidence from the Housing Market

Posted: 27 Jun 1998
Gary V. Engelhardt and Christopher J. Mayer
Syracuse University - Center for Policy Research and Columbia Business School - Finance and Economics

Abstract:

34.

Unifying Empirical and Theoretical Models of Housing Supply

Sauder School of Business Working Paper
Posted: 21 Feb 1997
Christopher J. Mayer and C. Tsuriel Somerville
Columbia Business School - Finance and Economics and University of British Columbia (UBC) - Division of Strategy and Business Economics

Abstract:

35.

Gifts, Down Payments, and Housing Affordability

J. OF HOUSING RESEARCH
Posted: 11 Oct 1996
Christopher J. Mayer and Gary V. Engelhardt
Columbia Business School - Finance and Economics and Syracuse University - Center for Policy Research

Abstract: