Christopher J. Mayer

Columbia University - Columbia Business School, Finance

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 7,850

SSRN RANKINGS

Top 7,850

in Total Papers Downloads

9,837

SSRN CITATIONS
Rank 685

SSRN RANKINGS

Top 685

in Total Papers Citations

807

CROSSREF CITATIONS

1,096

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 University - Columbia Business School, Finance and University of British Columbia (UBC) - Division of Strategy and Business Economics
Downloads 1,312 (25,445)
Citation 23

Abstract:

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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 Last Revised: 13 Feb 2022
Laarni T. Bulan, Christopher J. Mayer and C. Tsuriel Somerville
Cornerstone Research, Columbia University - Columbia Business School, Finance and University of British Columbia (UBC) - Division of Strategy and Business Economics
Downloads 67 (561,323)

Abstract:

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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 University - Columbia Business School, Finance and University of British Columbia (UBC) - Division of Strategy and Business Economics
Downloads 64 (575,362)

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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 University - Columbia Business School, Finance, Columbia Law School, Columbia University - Columbia Business School, Finance and NYU Stern School of Business
Downloads 817 (50,024)
Citation 20

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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 Last Revised: 17 May 2023
Christopher J. Mayer, Edward R. Morrison, Tomasz Piskorski and Arpit Gupta
Columbia University - Columbia Business School, Finance, Columbia Law School, Columbia University - Columbia Business School, Finance and NYU Stern School of Business
Downloads 63 (580,069)
Citation 47

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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 University - Columbia Business School, Finance and University of Pennsylvania - The Wharton School
Downloads 699 (61,560)
Citation 51

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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 Last Revised: 26 Oct 2022
Charles P. Himmelberg, Christopher J. Mayer and Todd M. Sinai
Goldman, Sachs & Co., Columbia University - Columbia Business School, Finance and University of Pennsylvania - The Wharton School
Downloads 121 (382,061)
Citation 12

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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 - A.B. Freeman School of Business and Columbia University - Columbia Business School, Finance
Downloads 721 (59,076)

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

NBER Working Paper No. w8486
Number of pages: 39 Posted: 28 Sep 2001 Last Revised: 03 Apr 2022
William M. Gentry, Deen Kemsley and Christopher J. Mayer
Williams College - Department of Economics, Tulane University - A.B. Freeman School of Business and Columbia University - Columbia Business School, Finance
Downloads 74 (530,636)
Citation 1

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

Posted: 11 Sep 2003
William M. Gentry, Deen Kemsley and Christopher J. Mayer
Williams College - Department of Economics, Tulane University - A.B. Freeman School of Business and Columbia University - Columbia Business School, Finance

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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 University - Columbia Business School, Finance, Columbia University - Columbia Business School, Finance and Cornell SC Johnson College of Business
Downloads 587 (76,996)

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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 Last Revised: 28 Apr 2023
Christopher J. Mayer, Tomasz Piskorski and Alexei Tchistyi
Columbia University - Columbia Business School, Finance, Columbia University - Columbia Business School, Finance and Cornell SC Johnson College of Business
Downloads 74 (530,636)
Citation 4

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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 University - Columbia Business School, Finance
Downloads 598 (76,139)
Citation 7

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Downloads 575 (79,916)
Citation 129

Superstar Cities

Number of pages: 53 Posted: 02 Aug 2006
Christopher J. Mayer, Joseph Gyourko and Todd M. Sinai
Columbia University - Columbia Business School, Finance, University of Pennsylvania - Real Estate Department and University of Pennsylvania - The Wharton School
Downloads 391 (125,793)
Citation 2

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house prices, income inequality, housing supply

Superstar Cities

NBER Working Paper No. w12355
Number of pages: 54 Posted: 20 Jul 2006 Last Revised: 02 Jan 2023
Joseph Gyourko, Christopher J. Mayer and Todd M. Sinai
University of Pennsylvania - Real Estate Department, Columbia University - Columbia Business School, Finance and University of Pennsylvania - The Wharton School
Downloads 184 (270,659)
Citation 38

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8.

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 University - Columbia Business School, Finance
Downloads 523 (89,944)
Citation 1

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housing, affordability, renters, regulation

9.

Determinants of Real House Price Dynamics

NBER Working Paper No. w9262
Number of pages: 35 Posted: 11 Oct 2002 Last Revised: 24 Apr 2022
Ross School of Business, University of Michigan, University of Aberdeen - Centre for Property Research, University of Michigan at Ann Arbor and Columbia University - Columbia Business School, Finance
Downloads 453 (106,973)
Citation 3

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10.

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

NBER Working Paper No. w10850
Number of pages: 39 Posted: 27 Oct 2004 Last Revised: 26 Aug 2022
William M. Gentry, Charles M. Jones and Christopher J. Mayer
Williams College - Department of Economics, Columbia University and Columbia University - Columbia Business School, Finance
Downloads 325 (155,392)

Abstract:

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11.

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 University - Columbia Business School, Finance and Columbia University - Columbia Business School, Finance
Downloads 322 (156,962)
Citation 3

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12.

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 University - Columbia Business School, Finance, Columbia Law School and Columbia University - Columbia Business School, Finance
Downloads 308 (164,448)
Citation 18

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13.

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 University - Columbia Business School, Finance, Board of Governors of the Federal Reserve System and Columbia University - Columbia Business School
Downloads 302 (167,916)
Citation 1

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14.

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 University - Columbia Business School, Finance and Deceased
Downloads 286 (177,832)
Citation 6

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15.

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 University - Columbia Business School, Finance, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 249 (204,317)
Citation 27

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16.

Loss Aversion and Seller Behavior: Evidence from the Housing Market

NBER Working Paper No. w8143
Number of pages: 42 Posted: 08 Mar 2001 Last Revised: 03 Apr 2022
David Genesove and Christopher J. Mayer
Hebrew University of Jerusalem - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 172 (287,287)
Citation 52

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17.

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 University - Columbia Business School, Finance and National Bureau of Economic Research (NBER)
Downloads 159 (306,925)
Citation 26

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Subprime, Mortgages, HMDA

18.

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 University - Columbia Business School, Finance
Downloads 150 (322,377)
Citation 4

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CDO, ABS, structured finance, securitization

19.

Subprime Mortgages: What, Where, and to Whom?

NBER Working Paper No. w14083
Number of pages: 43 Posted: 22 Jun 2008 Last Revised: 26 Jun 2022
Christopher J. Mayer and Karen M. Pence
Columbia University - Columbia Business School, Finance and Board of Governors of the Federal Reserve System
Downloads 133 (354,385)
Citation 9

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20.

Agency Conflicts, Asset Substitution, and Securitization

NBER Working Paper No. w12359
Number of pages: 42 Posted: 20 Jul 2006 Last Revised: 20 Apr 2022
Christopher J. Mayer and Yingjin Hila Gan
Columbia University - Columbia Business School, Finance and Lehman Brothers, New York
Downloads 128 (364,704)

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Downloads 115 (394,637)
Citation 9

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 University - Columbia Business School, Finance and National Bureau of Economic Research (NBER)
Downloads 78 (514,298)

Abstract:

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mortgage, second lien

A New Look at Second Liens

NBER Working Paper No. w18269
Number of pages: 40 Posted: 01 Sep 2012 Last Revised: 03 Jun 2023
Donghoon Lee, Christopher J. Mayer and Joseph S. Tracy
Federal Reserve Bank of New York, Columbia University - Columbia Business School, Finance and National Bureau of Economic Research (NBER)
Downloads 37 (734,833)
Citation 2

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22.

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 Last Revised: 12 Oct 2022
Christopher J. Mayer and Todd M. Sinai
Columbia University - Columbia Business School, Finance and University of Pennsylvania - The Wharton School
Downloads 102 (429,976)
Citation 10

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23.

Equity and Time to Sale in the Real Estate Market

NBER Working Paper No. w4861
Number of pages: 32 Posted: 16 May 2000 Last Revised: 15 Oct 2022
David Genesove and Christopher J. Mayer
Hebrew University of Jerusalem - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 85 (483,496)
Citation 5

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24.

Housing Price Dynamics within a Metropolitan Area

NBER Working Paper No. w5182
Number of pages: 30 Posted: 06 Sep 2000 Last Revised: 31 Aug 2022
Karl E. Case and Christopher J. Mayer
Deceased and Columbia University - Columbia Business School, Finance
Downloads 74 (524,162)
Citation 8

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25.

Why Do Households Without Children Support Local Public Schools?

NBER Working Paper No. w10804
Number of pages: 49 Posted: 29 Sep 2006 Last Revised: 09 Jan 2022
Christian A. L. Hilber and Christopher J. Mayer
London School of Economics (LSE) - Department of Geography and Environment and Columbia University - Columbia Business School, Finance
Downloads 67 (553,353)
Citation 1

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26.

Misinformed Speculators and Mispricing in the Housing Market

NBER Working Paper No. w19817
Number of pages: 42 Posted: 17 Jan 2014 Last Revised: 24 Feb 2023
Alex Chinco and Christopher J. Mayer
City University of NY, Baruch College, Zicklin School of Business and Columbia University - Columbia Business School, Finance
Downloads 56 (604,586)
Citation 24

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Commentary

Economic Policy Review, Vol. 5, No. 3, September 1999
Number of pages: 5 Posted: 14 Sep 2007
Christopher J. Mayer
Columbia University - Columbia Business School, Finance
Downloads 35 (729,765)

Abstract:

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income inequality

28.

Loss Aversion and Seller Behaviour: Evidence from the Housing Market

Number of pages: 48 Posted: 01 Jun 2001
David Genesove and Christopher J. Mayer
Hebrew University of Jerusalem - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 21 (841,102)
Citation 4
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Housing markets, loss aversion, prospect theory

29.

Housing Bubbles: A Survey

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

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30.

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

Posted: 17 Jul 2000
Christopher J. Mayer and C. Tsuriel Somerville
Columbia University - Columbia Business School, Finance and University of British Columbia (UBC) - Division of Strategy and Business Economics

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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 University - Columbia Business School, Finance

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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
Deceased, Federal Reserve Bank of Boston and Columbia University - Columbia Business School, Finance

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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 University - Columbia Business School, Finance

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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 University - Columbia Business School, Finance and University of British Columbia (UBC) - Division of Strategy and Business Economics

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35.

Gifts, Down Payments, and Housing Affordability

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

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