Details about Xavier Gabaix

Access statistics for papers by Xavier Gabaix.

Last updated 2023-10-07. Update your information in the RePEc Author Service.

Short-id: pga174

Working Papers

2021

1. In Search of the Origins of Financial Fluctuations: The Inelastic Markets Hypothesis
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)

2020

2. Agir face aux dérèglements du monde
   Post-Print, HAL
   Also in SciencePo Working papers Main, HAL (2020)
   PSE-Ecole d'économie de Paris (Postprint), HAL (2020)
3. Granular Instrumental Variables
   Working Papers, Becker Friedman Institute for Research In Economics View citations (23)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (23)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (22)

2018

4. Behavioral Inattention
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (14)

2017

5. Executive Compensation: A Survey of Theory and Evidence
   CESifo Working Paper Series, CESifo View citations (100)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (109)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (109)
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) View citations (2)
6. Myopia and Discounting
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (51)
7. Optimal Taxation with Behavioral Agents
   2017 Meeting Papers, Society for Economic Dynamics View citations (12)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (54)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (54)
   Working Paper, Harvard University OpenScholar (2015) View citations (54)
   See also Journal Article in American Economic Review (2020)

2016

8. A Behavioral New Keynesian Model
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (129)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (129)
   See also Journal Article in American Economic Review (2020)
9. Behavioral Macroeconomics Via Sparse Dynamic Programming
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (2)
10. Executive Compensation: A Modern Primer
    Scholarly Articles, Harvard University Department of Economics View citations (86)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (10)
    See also Journal Article in Journal of Economic Literature (2016)
11. Power Laws in Economics: An Introduction
    Scholarly Articles, Harvard University Department of Economics View citations (130)
    See also Journal Article in Journal of Economic Perspectives (2016)
12. The Dynamics of Inequality
    Scholarly Articles, Harvard University Department of Economics View citations (149)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (20)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (19)
    See also Journal Article in Econometrica (2016)

2015

13. Crash Risk in Currency Markets
    Working Paper, Harvard University OpenScholar View citations (47)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (75)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (88)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (1)
14. Dynamics of Exchange Rates and Capital Flows
    2015 Meeting Papers, Society for Economic Dynamics
15. Rare Disasters and Exchange Rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (31)
    Also in Working Paper, Harvard University OpenScholar View citations (31)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (122)

2014

16. International Liquidity and Exchange Rate Dynamics
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (41)
    Also in 2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (34)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (41)
    Working Paper, Harvard University OpenScholar View citations (259)
    See also Journal Article in The Quarterly Journal of Economics (2015)
17. Sparse Dynamic Programming and Aggregate Fluctuations
    2014 Meeting Papers, Society for Economic Dynamics View citations (2)

2013

18. CEO Pay and Firm Size: an Update after the Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (4)
    See also Journal Article in Economic Journal (2014)
19. The Impact of Competition on Prices with Numerous Firms
    Working Papers, Chapman University, Economic Science Institute View citations (18)
    See also Journal Article in Journal of Economic Theory (2016)

2012

20. Boundedly Rational Dynamic Programming: Some Preliminary Results
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (3)

2011

21. A Sparsity-Based Model of Bounded Rationality
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (42)
    See also Journal Article in The Quarterly Journal of Economics (2014)

2010

22. Dynamic Incentive Accounts
    2010 Meeting Papers, Society for Economic Dynamics View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (10)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (14)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2010) View citations (7)
23. Risk and CEO Market: Why Do Some Large Firms Hire Highly-Paid, Low-Talent CEOs?
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (3)
24. The Great Diversification and its Undoing
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2010) View citations (23)
    Working Papers, Barcelona School of Economics (2010) View citations (26)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (23)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (9)
    See also Journal Article in American Economic Review (2013)
25. Tractability in Incentive Contracting
    2010 Meeting Papers, Society for Economic Dynamics View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (5)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2010) View citations (2)
    See also Journal Article in Review of Financial Studies (2011)

2009

26. The Age of Reason: Financial Decisions over the Life-Cycle with Implications for Regulation
    Scholarly Articles, Harvard University Department of Economics View citations (161)
27. The Area and Population of Cities: New Insights from a Different Perspective on Cities
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article in American Economic Review (2011)
28. The Granular Origins of Aggregate Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (75)
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (41)
    See also Journal Article in Econometrica (2011)
29. What is the Age of Reason?
    Issues in Brief, Center for Retirement Research View citations (1)

2008

30. A Calibratable Model of Optimal CEO Incentives in Market Equilibrium
    2008 Meeting Papers, Society for Economic Dynamics View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (4)
31. Learning in the Credit Card Market
    Levine's Working Paper Archive, David K. Levine View citations (60)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (55)
32. Power Laws in Economics and Finance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (61)
    See also Journal Article in Annual Review of Economics (2009)
33. The Age of Reason: Financial Decisions Over the Lifecycle
    2008 Meeting Papers, Society for Economic Dynamics View citations (10)
    Also in Levine's Bibliography, UCLA Department of Economics (2007) View citations (50)
    Working Paper Series, Federal Reserve Bank of Chicago (2007) View citations (66)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (86)
34. Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (76)
    See also Journal Article in The Quarterly Journal of Economics (2012)
35. Variable Rare Disasters: An Exactly Solved Model for Ten Puzzles in Macro-Finance
    2008 Meeting Papers, Society for Economic Dynamics View citations (4)

2007

36. Linearity-Generating Processes: A Modelling Tool Yielding Closed Forms for Asset Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
37. Rank-1/2: A Simple Way to Improve the OLS Estimation of Tail Exponents
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (92)
    See also Journal Article in Journal of Business & Economic Statistics (2011)
38. Trade patterns, trade balances and idiosyncratic shocks
    Working Papers, Banco de España View citations (23)

2006

39. Log(Rank-1/2): A Simple Way to Improve the OLS Estimation of Tail Exponents
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (18)
40. Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets
    Scholarly Articles, Harvard University Department of Economics View citations (734)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (47)
    See also Chapter (2018)
    Journal Article in The Quarterly Journal of Economics (2006)
41. Why Has CEO Pay Increased So Much?
    2006 Meeting Papers, Society for Economic Dynamics View citations (31)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (73)
    See also Journal Article in The Quarterly Journal of Economics (2008)

2005

42. Extreme Value Theory and the Effects of Competition on Profits
    Levine's Bibliography, UCLA Department of Economics View citations (27)
43. Information Acquisition: Experimental Analysis of a Boundedly Rational Model
    Levine's Bibliography, UCLA Department of Economics View citations (15)
44. Institutional Investors and Stock Market Volatility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    See also Journal Article in The Quarterly Journal of Economics (2006)
45. Limits of Arbitrage: Theory and Evidence from the Mortgage-Backed Securities Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Econometric Society 2004 North American Summer Meetings, Econometric Society (2004) View citations (6)
    See also Journal Article in Journal of Finance (2007)

2004

46. Competition and Consumer Confusion
    Econometric Society 2004 North American Summer Meetings, Econometric Society View citations (19)
47. On the Origin of Power-Law Fluctuations in Stock Prices
    Papers, arXiv.org View citations (33)
48. Power laws and the origins of aggregate fluctuations
    Econometric Society 2004 North American Summer Meetings, Econometric Society View citations (4)
49. Shrouded Attributes and the Curse of Educatoin
    2004 Meeting Papers, Society for Economic Dynamics

2003

50. The Evolution of City Size Distributions
    Discussion Papers Series, Department of Economics, Tufts University, Department of Economics, Tufts University View citations (25)
    See also Chapter (2004)
51. The allocation of attention: theory and evidence
    MPRA Paper, University Library of Munich, Germany View citations (35)

2002

52. The 6D Bias and the Equity Premium Puzzle
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (114)
    See also Chapter (2002)

2001

53. Quantifying Stock Price Response to Demand Fluctuations
    Papers, arXiv.org View citations (48)

2000

54. Statistical Properties of Share Volume Traded in Financial Markets
    Papers, arXiv.org View citations (123)

1999

55. Economic Fluctuations and Diffusion
    Papers, arXiv.org View citations (16)

Journal Articles

2020

1. A Behavioral New Keynesian Model
   American Economic Review, 2020, 110, (8), 2271-2327 View citations (107)
   See also Working Paper (2016)
2. Optimal Taxation with Behavioral Agents
   American Economic Review, 2020, 110, (1), 298-336 View citations (57)
   See also Working Paper (2017)

2016

3. Comment
   NBER Macroeconomics Annual, 2016, 30, (1), 336 - 345
4. Editor's Choice Rare Disasters and Exchange Rates
   The Quarterly Journal of Economics, 2016, 131, (1), 1-52 View citations (138)
5. Executive Compensation: A Modern Primer
   Journal of Economic Literature, 2016, 54, (4), 1232-87 View citations (87)
   See also Working Paper (2016)
6. Power Laws in Economics: An Introduction
   Journal of Economic Perspectives, 2016, 30, (1), 185-206 View citations (131)
   See also Working Paper (2016)
7. The Dynamics of Inequality
   Econometrica, 2016, 84, 2071-2111 View citations (124)
   See also Working Paper (2016)
8. The impact of competition on prices with numerous firms
   Journal of Economic Theory, 2016, 165, (C), 1-24 View citations (53)
   See also Working Paper (2013)

2015

9. International Liquidity and Exchange Rate Dynamics
   The Quarterly Journal of Economics, 2015, 130, (3), 1369-1420 View citations (350)
   See also Working Paper (2014)

2014

10. A Sparsity-Based Model of Bounded Rationality
    The Quarterly Journal of Economics, 2014, 129, (4), 1661-1710 View citations (301)
    See also Working Paper (2011)
11. CEO Pay and Firm Size: An Update After the Crisis
    Economic Journal, 2014, 124, (574), F40-F59 View citations (33)
    See also Working Paper (2013)

2013

12. The Great Diversification and Its Undoing
    American Economic Review, 2013, 103, (5), 1697-1727 View citations (182)
    See also Working Paper (2010)

2012

13. Dynamic CEO Compensation
    Journal of Finance, 2012, 67, (5), 1603-1647 View citations (85)
14. Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance
    The Quarterly Journal of Economics, 2012, 127, (2), 645-700 View citations (489)
    See also Working Paper (2008)

2011

15. 5. Comprendre l'irrationalité et les événements extrêmes
    Regards croisés sur l'économie, 2011, n° 10, (2), 63-75
16. Disasterization: A Simple Way to Fix the Asset Pricing Properties of Macroeconomic Models
    American Economic Review, 2011, 101, (3), 406-09 View citations (35)
17. Rank - 1 / 2: A Simple Way to Improve the OLS Estimation of Tail Exponents
    Journal of Business & Economic Statistics, 2011, 29, (1), 24-39 View citations (337)
    See also Working Paper (2007)
18. Rank − 1 / 2: A Simple Way to Improve the OLS Estimation of Tail Exponents
    Journal of Business & Economic Statistics, 2011, 29, (1), 24-39 View citations (150)
19. The Area and Population of Cities: New Insights from a Different Perspective on Cities
    American Economic Review, 2011, 101, (5), 2205-25 View citations (176)
    See also Working Paper (2009)
20. The Effect of Risk on the CEO Market
    Review of Financial Studies, 2011, 24, (8), 2822-2863 View citations (52)
21. The Granular Origins of Aggregate Fluctuations
    Econometrica, 2011, 79, (3), 733-772 View citations (853)
    See also Working Paper (2009)
22. Tractability in Incentive Contracting
    Review of Financial Studies, 2011, 24, (9), 2865-2894 View citations (50)
    See also Working Paper (2010)

2009

23. A Multiplicative Model of Optimal CEO Incentives in Market Equilibrium
    Review of Financial Studies, 2009, 22, (12), 4881-4917 View citations (191)
24. Is CEO Pay Really Inefficient? A Survey of New Optimal Contracting Theories
    European Financial Management, 2009, 15, (3), 486-496 View citations (96)
25. Power Laws in Economics and Finance
    Annual Review of Economics, 2009, 1, (1), 255-294 View citations (588)
    See also Working Paper (2008)
26. The Age of Reason: Financial Decisions over the Life Cycle and Implications for Regulation
    Brookings Papers on Economic Activity, 2009, 40, (2 (Fall)), 51-117 View citations (249)

2008

27. A statistical physics view of financial fluctuations: Evidence for scaling and universality
    Physica A: Statistical Mechanics and its Applications, 2008, 387, (15), 3967-3981 View citations (53)
28. Quantifying and understanding the economics of large financial movements
    Journal of Economic Dynamics and Control, 2008, 32, (1), 303-319 View citations (5)
29. Variable Rare Disasters: A Tractable Theory of Ten Puzzles in Macro-finance
    American Economic Review, 2008, 98, (2), 64-67 View citations (72)
30. Why has CEO Pay Increased So Much?
    The Quarterly Journal of Economics, 2008, 123, (1), 49-100 View citations (902)
    See also Working Paper (2006)

2007

31. A Theory of Limited Liquidity and Large Investors Causing Spikes in Stock Market Volatility and Trading Volume
    Journal of the European Economic Association, 2007, 5, (2-3), 564-573 View citations (6)
32. A unified econophysics explanation for the power-law exponents of stock market activity
    Physica A: Statistical Mechanics and its Applications, 2007, 382, (1), 81-88 View citations (18)
33. Economic fluctuations and statistical physics: Quantifying extremely rare and less rare events in finance
    Physica A: Statistical Mechanics and its Applications, 2007, 382, (1), 286-301 View citations (13)
34. Limits of Arbitrage: Theory and Evidence from the Mortgage‐Backed Securities Market
    Journal of Finance, 2007, 62, (2), 557-595 View citations (139)
    See also Working Paper (2005)

2006

35. Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model
    American Economic Review, 2006, 96, (4), 1043-1068 View citations (306)
36. Institutional Investors and Stock Market Volatility
    The Quarterly Journal of Economics, 2006, 121, (2), 461-504 View citations (212)
    See also Working Paper (2005)
37. Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets
    The Quarterly Journal of Economics, 2006, 121, (2), 505-540 View citations (811)
    See also Working Paper (2006)
    Chapter (2018)

2003

38. A theory of power-law distributions in financial market fluctuations
    Nature, 2003, 423, (6937), 267-270 View citations (314)
39. Understanding the cubic and half-cubic laws of financial fluctuations
    Physica A: Statistical Mechanics and its Applications, 2003, 324, (1), 1-5 View citations (12)

2001

40. Price fluctuations and market activity
    Physica A: Statistical Mechanics and its Applications, 2001, 299, (1), 137-143 View citations (65)
41. Price fluctuations, market activity and trading volume
    Quantitative Finance, 2001, 1, (2), 262-269 View citations (60)
42. Quantifying economic fluctuations
    Physica A: Statistical Mechanics and its Applications, 2001, 302, (1), 126-137 View citations (6)
43. Similarities and differences between physics and economics
    Physica A: Statistical Mechanics and its Applications, 2001, 299, (1), 1-15 View citations (13)

2000

44. A Boundedly Rational Decision Algorithm
    American Economic Review, 2000, 90, (2), 433-438 View citations (29)
45. Scaling and correlation in financial time series
    Physica A: Statistical Mechanics and its Applications, 2000, 287, (3), 362-373 View citations (44)

1999

46. Zipf's Law and the Growth of Cities
    American Economic Review, 1999, 89, (2), 129-132 View citations (118)
47. Zipf's Law for Cities: An Explanation
    The Quarterly Journal of Economics, 1999, 114, (3), 739-767 View citations (733)

Chapters

2018

1. Shrouded attributes, consumer myopia and information suppression in competitive markets
   Chapter 3 in Handbook of Behavioral Industrial Organization, 2018, pp 40-74 View citations (1)
   See also Working Paper (2006)
   Journal Article in The Quarterly Journal of Economics (2006)

2015

2. Comment on "Networks and the Macroeconomy: An Empirical Exploration"
   A chapter in NBER Macroeconomics Annual 2015, Volume 30, 2015, pp 336-345

2006

3. Correlated Randomness: Rare and Not-so-Rare Events in Finance
   Springer

2004

4. The evolution of city size distributions
   Chapter 53 in Handbook of Regional and Urban Economics, 2004, vol. 4, pp 2341-2378 View citations (286)
   See also Working Paper (2003)

2002

5. The 6D Bias and the Equity-Premium Puzzle
   A chapter in NBER Macroeconomics Annual 2001, Volume 16, 2002, pp 257-330 View citations (80)
   See also Working Paper (2002)