Details about Alexis Akira Toda

Access statistics for papers by Alexis Akira Toda.

Last updated 2021-01-21. Update your information in the RePEc Author Service.

Short-id: pto326

Working Papers

2021

1. A Theory of the Saving Rate of the Rich
   Papers, arXiv.org

2020

2. Asymptotic Marginal Propensity to Consume
   Papers, arXiv.org View citations (2)
3. Capital and Labor Income Pareto Exponents across Time and Space
   LIS Working papers, LIS Cross-National Data Center in Luxembourg
   Also in Papers, arXiv.org (2020)
4. Efficient Minimum Distance Estimation of Pareto Exponent from Top Income Shares
   Papers, arXiv.org View citations (4)
5. Necessity of Hyperbolic Absolute Risk Aversion for the Concavity of Consumption Functions
   Papers, arXiv.org
6. On the emergence of a power law in the distribution of COVID-19 cases
   University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego View citations (1)
7. Susceptible-Infected-Recovered (SIR) Dynamics of COVID-19 and Economic Impact
   Papers, arXiv.org View citations (9)
8. Tail behavior of stopped L\'evy processes with Markov modulation
   Papers, arXiv.org
9. The Income Fluctuation Problem and the Evolution of Wealth
   Papers, arXiv.org View citations (1)
   See also Journal Article in Journal of Economic Theory (2020)
10. Unbounded Dynamic Programming via the Q-Learning Transform
    Papers, arXiv.org

2019

11. An Impossibility Theorem for Wealth in Heterogeneous-agent Models with Limited Heterogeneity
    2019 Meeting Papers, Society for Economic Dynamics View citations (8)
    Also in Papers, arXiv.org (2019) View citations (8)
    See also Journal Article in Journal of Economic Theory (2019)
12. Data-based Automatic Discretization of Nonparametric Distributions
    Papers, arXiv.org
13. Geometrically stopped Markovian random growth processes and Pareto tails
    Papers, arXiv.org View citations (3)
14. Pareto Extrapolation: Bridging Theoretical and Quantitative Models of Wealth Inequality
    2019 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego (2018) View citations (1)

2018

15. The Income Fluctuation Problem with Capital Income Risk: Optimality and Stability
    Papers, arXiv.org

2017

16. Discretizing Nonlinear, Non-Gaussian Markov Processes with Exact Conditional Moments
    University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego View citations (14)
    Also in MPRA Paper, University Library of Munich, Germany (2016)
    See also Journal Article in Quantitative Economics (2017)
17. Fat tails and spurious estimation of consumption-based asset pricing models
    University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego View citations (13)
    Also in MPRA Paper, University Library of Munich, Germany (2016)
    See also Journal Article in Journal of Applied Econometrics (2017)
18. Huggett Economies with Multiple Stationary Equilibria
    MPRA Paper, University Library of Munich, Germany View citations (9)
    See also Journal Article in Journal of Economic Dynamics and Control (2017)
19. Securitized Markets, International Capital Flows, and Global Welfare
    Department of Economics Working Papers, Department of Economics, Williams College View citations (3)
    See also Journal Article in Journal of Financial Economics (2019)
20. The Equity Premium and the One Percent
    MPRA Paper, University Library of Munich, Germany View citations (1)
    Also in 2015 Meeting Papers, Society for Economic Dynamics (2015)
21. Wealth Distribution with Random Discount Factors
    University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego
    See also Journal Article in Journal of Monetary Economics (2019)

2016

22. A NOTE ON THE SIZE DISTRIBUTION OF CONSUMPTION: MORE DOUBLE PARETO THAN LOGNORMAL
    University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego View citations (1)
    Also in MPRA Paper, University Library of Munich, Germany (2015) View citations (1)
    See also Journal Article in Macroeconomic Dynamics (2017)
23. Growth Effects of Annuities and Government Transfers in Perpetual Youth Models
    MPRA Paper, University Library of Munich, Germany
    See also Journal Article in Journal of Mathematical Economics (2017)
24. Zipf's Law: A Microfoundation
    MPRA Paper, University Library of Munich, Germany

2015

25. Bayesian general equilibrium
    University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego View citations (1)
    See also Journal Article in Economic Theory (2015)
26. Discretizing Distributions with Exact Moments: Error Estimate and Convergence Analysis
    University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego View citations (3)
    Also in University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego (2015)
27. Do You Save More or Less in Response to Bad News? A New Identification of the Elasticity of Intertemporal Substitution
    MPRA Paper, University Library of Munich, Germany View citations (1)
28. On the Robustness of Theoretical Asset Pricing Models
    Department of Economics Working Papers, Department of Economics, Williams College
29. The double power law in consumption and implications for testing Euler equations
    University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego View citations (48)
    See also Journal Article in Journal of Political Economy (2015)

Journal Articles

2020

1. Is Gibrat’s “Economic Inequality” lognormal?
   Empirical Economics, 2020, 59, (5), 2071-2091
2. The income fluctuation problem and the evolution of wealth
   Journal of Economic Theory, 2020, 187, (C) View citations (1)
   See also Working Paper (2020)

2019

3. An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity
   Journal of Economic Theory, 2019, 182, (C), 1-24 View citations (8)
   See also Working Paper (2019)
4. Publications, Citations, Position, and Compensation of Economics Professors
   Econ Journal Watch, 2019, 16, (2), 239–257
5. Securitized markets, international capital flows, and global welfare
   Journal of Financial Economics, 2019, 131, (3), 571-592 View citations (4)
   See also Working Paper (2017)
6. Wealth distribution with random discount factors
   Journal of Monetary Economics, 2019, 104, (C), 101-113 View citations (5)
   See also Working Paper (2017)

2017

7. A NOTE ON THE SIZE DISTRIBUTION OF CONSUMPTION: MORE DOUBLE PARETO THAN LOGNORMAL
   Macroeconomic Dynamics, 2017, 21, (6), 1508-1518 View citations (10)
   See also Working Paper (2016)
8. Discretizing nonlinear, non‐Gaussian Markov processes with exact conditional moments
   Quantitative Economics, 2017, 8, (2), 651-683 View citations (2)
   See also Working Paper (2017)
9. Edgeworth box economies with multiple equilibria
   Economic Theory Bulletin, 2017, 5, (1), 65-80 View citations (8)
10. Fat tails and spurious estimation of consumption‐based asset pricing models
    Journal of Applied Econometrics, 2017, 32, (6), 1156-1177 View citations (12)
    See also Working Paper (2017)
11. Growth effects of annuities and government transfers in perpetual youth models
    Journal of Mathematical Economics, 2017, 72, (C), 1-6
    See also Working Paper (2016)
12. Huggett economies with multiple stationary equilibria
    Journal of Economic Dynamics and Control, 2017, 84, (C), 77-90 View citations (8)
    See also Working Paper (2017)

2015

13. Asset Prices and Efficiency in a Krebs Economy
    Review of Economic Dynamics, 2015, 18, (4), 957-978 View citations (7)
    See also Software Item (2014)
14. Bayesian general equilibrium
    Economic Theory, 2015, 58, (2), 375-411 View citations (3)
    See also Working Paper (2015)
15. The Double Power Law in Consumption and Implications for Testing Euler Equations
    Journal of Political Economy, 2015, 123, (5), 1177 - 1200 View citations (52)
    See also Working Paper (2015)

2014

16. Incomplete market dynamics and cross-sectional distributions
    Journal of Economic Theory, 2014, 154, (C), 310-348 View citations (31)

2013

17. Discrete approximations of continuous distributions by maximum entropy
    Economics Letters, 2013, 118, (3), 445-450 View citations (7)

2012

18. The double power law in income distribution: Explanations and evidence
    Journal of Economic Behavior & Organization, 2012, 84, (1), 364-381 View citations (44)

2010

19. Existence of a statistical equilibrium for an economy with endogenous offer sets
    Economic Theory, 2010, 45, (3), 379-415 View citations (18)

Software Items

2014

1. Code and data files for "Asset Prices and Efficiency in a Krebs Economy"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2015)