Patrick Bayer

Professor of Economics

External Address: 
228D Social Sciences, Box 90097, Durham, NC 27708
Internal Office Address: 
Box 90097, Durham, NC 27708-0097
Phone: 
(919) 660-1800

Bayer's research focuses on wide range of subjects including racial inequality and segregation, social interactions, housing markets, education, and crime. He has received numerous grants from the National Science Foundation, Social Science and Humanities Council of Canada, and the US Department of Education. His most recent work has been published in the Quarterly Journal of Economics, the Journal of Political Economy, the Journal of Environmental Economics, and American Economics Association P&P. He is currently working on projects that explore housing price dynamics, racial discrimination in home sales, dynamic equilibrium in a national system of cities, the microdynamics of neighborhood discrimination, and the impact of the racial composition of juries on criminal trial outcomes.

Education

  • Ph.D., Stanford University 1999
  • B.A., Princeton University 1994

Arcidiacono, P, Bayer, P, Blevins, JR, and Ellickson, PB. "Estimation of Dynamic Discrete Choice Models in Continuous Time with an Application to Retail Competition." The Review of Economic Studies 83, no. 3 (July 2016): 889-931. Full Text

Bayer, P, Ferreira, F, and Ross, SL. "The Vulnerability of Minority Homeowners in the Housing Boom and Bust." American Economic Journal: Economic Policy 8, no. 1 (February 2016): 1-27. (Working Paper) Full Text Open Access Copy

Bayer, P, McMillan, R, Murphy, A, and Timmins, C. "A Dynamic Model of Demand for Houses and Neighborhoods." Econometrica 84, no. 3 (2016): 893-942. Full Text

Anwar, S, Bayer, P, and Hjalmarsson, R. "Politics in the Courtroom: Political Ideology and Jury Decision Making." Economic Research Initiatives at Duke (ERID), no. 187 (April 1, 2015). (Working Paper) Open Access Copy

Anwar, S, Bayer, P, and Hjalmarsson, R. "The Role of Age in Jury Selection and Trial Outcomes." The Journal of Law and Economics 57, no. 4 (November 2014): 1001-1030. (Working Paper) Full Text Open Access Copy

Arcidiacono, P, Bayer, P, Bugni, FA, and James, J. "Approximating highdimensional dynamic models: Sieve value function iteration." Advances in Econometrics 31 (January 1, 2013): 45-95. Full Text Open Access Copy

Anwar, S, Bayer, P, and Hjalmarsson, R. "The impact of jury race in criminal trials." Quarterly Journal of Economics 127, no. 2 (2012): 1017-1055. Full Text

Bayer, P, and McMillan, R. "Tiebout sorting and neighborhood stratification." Journal of Public Economics (2012). Full Text

Bayer, P, Khan, S, and Timmins, C. "Nonparametric identification and estimation in a Roy model with common nonpecuniary returns." Journal of Business and Economic Statistics 29, no. 2 (2011): 201-215. Full Text

Arcidiacono, P, Bayer, P, and Hizmo, A. "Beyond Signaling and Human Capital: Education and the Revelation of Ability." AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS 2, no. 4 (October 2010): 76-104. Full Text Open Access Copy

Pages

Bayer, P, and McMillan, R. "Distinguishing racial preferences in the housing market: Theory and evidence." In Hedonic Methods in Housing Markets: Pricing Environmental Amenities and Segregation, 225-244. December 1, 2008. Full Text

Bayer, P, Ferreira, F, and Ross, SL. "The Vulnerability of Minority Homeowners in the Housing Boom and Bust: Corrigendum." American Economic Journal: Economic Policy 9, no. 1 (February 2017): 344-345. (Corrigendum) Full Text

Anwar, S, Bayer, P, and Hjalmarsson, R. "A Jury of Her Peers: The Impact of the First Female Jurors on Criminal Convictions." Economic Research Initiatives at Duke (ERID), no. 205 (February 10, 2016). (Working Paper) Open Access Copy

Bayer, P, Ferreira, F, and Ross, S. "What Drives Racial and Ethnic Differences in High Cost Mortgages? The Role of High Risk Lenders." Economic Research Initiatives at Duke (ERID), no. 206 (February 1, 2016). (Working Paper) Open Access Copy

Bayer, PJ, Mangum, K, Roberts, JW, Bayer, PJ, Mangum, K, and Roberts, JW. "Speculative Fever: Investor Contagion in the Housing BubbleSpeculative Fever: Investor Contagion in the Housing Bubble." Economic Research Initiatives at Duke (ERID) Working Paper, no. 211 (February 1, 2016). Open Access Copy

Bayer, PJ, Geissler, C, Mangum, K, and Roberts, JW. "Speculators and Middlemen: The Strategy and Performance of Investors in the Housing Market." Economic Research Initiatives at Duke (ERID) Working Paper, no. 93 (January 13, 2015). (Working Paper)

Anenberg, E, and Bayer, P. "Endogenous Sources of Volatility in Housing Markets: The Joint Buyer-Seller Problem." Economic Research Initiatives at Duke (ERID), no. 141 (December 5, 2014). (Working Paper) Open Access Copy

Bayer, P, Casey, M, Ferreira, F, and McMillan, R. "Estimating Racial Price Differentials in the Housing Market." Economic Research Initiatives at Duke (ERID), no. 142 (March 1, 2013). (Working Paper) Open Access Copy

Bayer, P, Casey, M, Ferreira, F, and McMillan, R. "Price Discrimination in the Housing Market." Economic Research Initiatives at Duke (ERID), no. 127 (May 1, 2012). (Working Paper) Open Access Copy

Anwar, S, Bayer, P, and Hjalmarsson, R. "A Fair and Impartial Jury? The Role of Age in Jury Selection and Trial Outcomes." Economic Research Initiatives at Duke (ERID), no. 125 (February 1, 2012). (Working Paper) Open Access Copy

Bayer, P, Ferreira, F, and McMillan, R. "Tiebout Sorting, Social Multipliers and the Demand for School Quality (Submitted)." NBER Working Paper (2009). (Working Paper) Open Access Copy

Pages

CC*Data: ImPACT - Infrastructure for Privacy-Assured compuTations awarded by University of North Carolina - Chapel Hill (Senior Investigator). 2017 to 2018

Large State Space Issues in Dynamic Models awarded by National Science Foundation (Co-Principal Investigator). 2011 to 2014

Collaborative Research: Asymptotic Properties for Partially Identified Models awarded by National Science Foundation (Principal Investigator). 2006 to 2013