Patrick Bayer

Patrick Bayer

Gilhuly Family Professor in 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

Bayer, P., and K. K. Charles. “Divergent paths: A new perspective on earnings differences between black and white men since 1940.” Quarterly Journal of Economics 133, no. 3 (January 1, 2018): 1459–1501. https://doi.org/10.1093/QJE/QJY003. Full Text

Bayer, P., M. Casey, F. Ferreira, and R. McMillan. “Racial and ethnic price differentials in the housing market.” Journal of Urban Economics 102 (November 1, 2017): 91–105. https://doi.org/10.1016/j.jue.2017.07.004. Full Text

Arcidiacono, P., P. Bayer, J. R. Blevins, and P. B. Ellickson. “Estimation of dynamic discrete choice models in continuous time with an application to retail competition.” Review of Economic Studies 83, no. 3 (July 1, 2016): 889–931. https://doi.org/10.1093/restud/rdw012. Full Text

Bayer, P., R. McMillan, A. Murphy, and C. Timmins. “A Dynamic Model of Demand for Houses and Neighborhoods.” Econometrica 84, no. 3 (May 1, 2016): 893–942. https://doi.org/10.3982/ECTA10170. Full Text

Bayer, P., F. Ferreira, and S. L. Ross. “The Vulnerability of Minority Homeowners in the Housing Boom and Bust.” American Economic Journal: Economic Policy 8, no. 1 (February 2016): 1–27. https://doi.org/10.1257/pol.20140074. Full Text Open Access Copy

Anwar, S., P. Bayer, and R. Hjalmarsson. “Politics in the Courtroom: Political Ideology and Jury Decision Making.” Economic Research Initiatives at Duke (Erid), no. 187 (April 1, 2015).

Anwar, S., P. Bayer, and R. Hjalmarsson. “The Role of Age in Jury Selection and Trial Outcomes.” The Journal of Law and Economics 57, no. 4 (November 2014): 1001–30. https://doi.org/10.1086/675257. Full Text Open Access Copy

Arcidiacono, P., P. Bayer, F. A. Bugni, and J. James. “Approximating High-Dimensional Dynamic Models: Sieve Value Function Iteration.” Advances in Econometrics 31 (January 1, 2013): 45–95. https://doi.org/10.1108/S0731-9053(2013)0000032002. Full Text Open Access Copy

Bayer, P., and R. McMillan. “Tiebout sorting and neighborhood stratification.” Journal of Public Economics 96, no. 11–12 (December 1, 2012): 1129–43. https://doi.org/10.1016/j.jpubeco.2012.02.006. Full Text

Anwar, S., P. Bayer, and R. Hjalmarsson. “The impact of jury race in criminal trials.” Quarterly Journal of Economics 127, no. 2 (May 7, 2012): 1017–55. https://doi.org/10.1093/qje/qjs014. Full Text

Pages

Bayer, P., and R. McMillan. “Distinguishing racial preferences in the housing market: Theory and evidence.” In Hedonic Methods in Housing Markets: Pricing Environmental Amenities and Segregation, 225–44, 2008. https://doi.org/10.1007/978-0-387-76815-1_11. Full Text

Bayer, P., F. Ferreira, and S. L. Ross. “The Vulnerability of Minority Homeowners in the Housing Boom and Bust: Corrigendum.” American Economic Journal: Economic Policy, February 2017. https://doi.org/10.1257/pol.9.1.346. Full Text

Anwar, S., P. Bayer, and R. Hjalmarsson. “A Jury of Her Peers: The Impact of the First Female Jurors on Criminal Convictions.” Economic Research Initiatives at Duke (Erid), February 10, 2016.

Bayer, P., F. Ferreira, and S. Ross. “What Drives Racial and Ethnic Differences in High Cost Mortgages? The Role of High Risk Lenders.” Economic Research Initiatives at Duke (Erid), February 1, 2016.

Bayer, Patrick J., Kyle Mangum, and James W. Roberts. “Speculative Fever: Investor Contagion in the Housing Bubble.” Economic Research Initiatives at Duke (Erid) Working Paper, February 1, 2016. Open Access Copy

Bayer, P. J., C. Geissler, K. Mangum, and J. W. Roberts. “Speculators and Middlemen: The Strategy and Performance of Investors in the Housing Market.” Economic Research Initiatives at Duke (Erid) Working Paper, January 13, 2015.

Anenberg, E., and P. Bayer. “Endogenous Sources of Volatility in Housing Markets: The Joint Buyer-Seller Problem.” Economic Research Initiatives at Duke (Erid), December 5, 2014.

Bayer, P., H. Fang, and R. McMillan. “Separate when equal? Racial inequality and residential segregation.” Journal of Urban Economics, January 1, 2014. https://doi.org/10.1016/j.jue.2014.05.002. Full Text Open Access Copy

Bayer, P., M. Casey, F. Ferreira, and R. McMillan. “Estimating Racial Price Differentials in the Housing Market.” Economic Research Initiatives at Duke (Erid), March 1, 2013. Open Access Copy

Bayer, P., M. Casey, F. Ferreira, and R. McMillan. “Price Discrimination in the Housing Market.” Economic Research Initiatives at Duke (Erid), May 1, 2012. Open Access Copy

Anwar, S., P. Bayer, and R. Hjalmarsson. “A Fair and Impartial Jury? The Role of Age in Jury Selection and Trial Outcomes.” Economic Research Initiatives at Duke (Erid), February 1, 2012. Open Access Copy

Pages

Selected Grants

CC*Data: ImPACT - Infrastructure for Privacy-Assured compuTations awarded by University of North Carolina - Chapel Hill (Senior Investigator). 2017 to 2020

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