Xavier Gabaix

New York University - Stern School of Business

Professor

Stern School of Business

44 West 4th Street, Suite 9-190

New York, NY 10012-1126

United States

http://pages.stern.nyu.edu/~xgabaix/

Harvard University - Department of Economics

Prof. of economics

Littauer Center

Cambridge, MA 02138

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Centre for Economic Policy Research (CEPR)

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114

B-1050 Brussels

Belgium

SCHOLARLY PAPERS

41

DOWNLOADS
Rank 238

SSRN RANKINGS

Top 238

in Total Papers Downloads

48,514

CITATIONS
Rank 294

SSRN RANKINGS

Top 294

in Total Papers Citations

1,325

Scholarly Papers (41)

1.
Downloads 9,977 ( 309)
Citation 44

Institutional Investors and Stock Market Volatility

MIT Department of Economics Working Paper No. 03-30
Number of pages: 51 Posted: 11 Sep 2003 Last Revised: 01 Jun 2010
Harvard University - Department of Economics, Boston University - Center for Polymer Studies, Boston University - Center for Polymer Studies and Boston University - Center for Polymer Studies
Downloads 9,880 (312)
Citation 44

Abstract:

stock market crashes, power law, tail behavior, Levy distribution, market microstructure, behavioral finance, scaling, volume, excess volatility, price pressure

Institutional Investors and Stock Market Volatility

NBER Working Paper No. w11722
Number of pages: 52 Posted: 18 Jan 2006
Harvard University - Department of Economics, Boston University - Center for Polymer Studies, Boston University - Center for Polymer Studies and Boston University - Center for Polymer Studies
Downloads 97 (227,713)
Citation 44

Abstract:

The Age of Reason: Financial Decisions over the Life-Cycle with Implications for Regulation

Number of pages: 76 Posted: 29 Mar 2008 Last Revised: 22 Oct 2009
Georgetown University - Department of Finance, Federal Reserve Board, Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 5,381 (961)
Citation 76

Abstract:

Household finance, aging, financial sophistication, shrouding, credit cards, fees, mortgages, regulation

The Age of Reason: Financial Decisions Over the Lifecycle

NYU Working Paper No. FIN-07-005
Number of pages: 51 Posted: 03 Nov 2008
Georgetown University - Department of Finance, Federal Reserve Board, Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 138 (174,536)
Citation 76

Abstract:

Household finance, behavioral finance, behavioral industrial organization, aging, shrouding, auto loans, credit cards, fees, home equity, home equity

The Age of Reason: Financial Decisions Over the Lifecycle

NBER Working Paper No. w13191
Number of pages: 51 Posted: 03 Jul 2007 Last Revised: 19 Jul 2010
Georgetown University - Department of Finance, Federal Reserve Board, Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 31 (401,076)
Citation 76

Abstract:

3.
Downloads 4,822 ( 1,198)
Citation 27

Power Laws in Economics and Finance

Number of pages: 61 Posted: 27 Aug 2008 Last Revised: 03 Apr 2009
Xavier Gabaix
Harvard University - Department of Economics
Downloads 4,750 (1,207)
Citation 27

Abstract:

scaling, fat tails, superstars, crashes

Power Laws in Economics and Finance

NBER Working Paper No. w14299
Number of pages: 62 Posted: 08 Sep 2008
Xavier Gabaix
Harvard University - Department of Economics
Downloads 72 (274,911)
Citation 27

Abstract:

Power Laws in Economics and Finance

Annual Review of Economics, Vol. 1, pp. 255-294, 2009
Posted: 04 Jun 2010
Xavier Gabaix
Harvard University - Department of Economics

Abstract:

Power Laws in Economics and Finance

Annual Review of Economics, Vol. 1, pp. 255-294, 2009
Posted: 31 Aug 2011
Xavier Gabaix
Harvard University - Department of Economics

Abstract:

4.
Downloads 3,320 ( 2,276)
Citation 234

Why Has CEO Pay Increased so Much?

MIT Department of Economics Working Paper No. 06-13
Number of pages: 39 Posted: 16 May 2006
Xavier Gabaix and Augustin Landier
Harvard University - Department of Economics and Toulouse School of Economics
Downloads 2,584 (3,481)
Citation 234

Abstract:

Executive compensation, wage distribution, pay performance sensitivity, extreme value, theory, superstars, calibratable corporate finance

Why Has CEO Pay Increased So Much?

MIT Department of Economics Working Paper No. 06-13, AFA 2007 Chicago Meetings Paper
Number of pages: 30 Posted: 17 May 2006
Xavier Gabaix and Augustin Landier
Harvard University - Department of Economics and Toulouse School of Economics
Downloads 601 (34,835)
Citation 234

Abstract:

Executive compensation, wage distribution, Pareto distribution, wage inequality, assignment, incentives, pay performance sensitivity, human capital

Why Has CEO Pay Increased so Much?

NYU Working Paper No. CLB-06-011
Number of pages: 47 Posted: 31 Oct 2008
Xavier Gabaix and Augustin Landier
Harvard University - Department of Economics and Toulouse School of Economics
Downloads 104 (216,831)
Citation 234

Abstract:

Executive compensation, wage distribution, corporate governance, Roberts law, Zipf s law, scaling, extreme value theory, superstars, calibratable corporate finance

Why Has CEO Pay Increased so Much?

NBER Working Paper No. w12365
Number of pages: 48 Posted: 24 Jul 2006
Xavier Gabaix and Augustin Landier
Harvard University - Department of Economics and Toulouse School of Economics
Downloads 31 (401,076)
Citation 234

Abstract:

5.
Downloads 3,072 ( 2,635)
Citation 26

Dynamic CEO Compensation

Journal of Finance 67(5), 1603-1647, October 2012
Number of pages: 63 Posted: 18 Mar 2009 Last Revised: 20 Dec 2013
London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics, New York University (NYU) and University of California, Berkeley - Department of Economics
Downloads 3,011 (2,668)
Citation 26

Abstract:

Contract theory, executive compensation, incentives, principal-agent problem, private saving, manipulation, vesting

Dynamic Incentive Accounts

NBER Working Paper No. w15324
Number of pages: 43 Posted: 08 Sep 2009
London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics, New York University (NYU) and University of California, Berkeley - Department of Economics
Downloads 54 (320,214)
Citation 26

Abstract:

Dynamic Incentive Accounts

CEPR Discussion Paper No. DP7497
Number of pages: 45 Posted: 17 Nov 2009
London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics, New York University (NYU) and University of California, Berkeley - Department of Economics
Downloads 7 (533,045)
Citation 26

Abstract:

Contract theory, executive compensation, incentives, manipulation, principal-agent problem, private saving, vesting

6.
Downloads 2,577 ( 3,586)
Citation 1

Executive Compensation: A Modern Primer

Journal of Economic Literature, Forthcoming, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 450/2015
Number of pages: 165 Posted: 13 Mar 2015 Last Revised: 25 Jun 2017
Alex Edmans and Xavier Gabaix
London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics
Downloads 2,544 (3,579)
Citation 1

Abstract:

Executive compensation, contract theory, principal-agent problem, rent extraction, optimal contracting

Executive Compensation: A Modern Primer

NBER Working Paper No. w21131
Number of pages: 70 Posted: 04 May 2015
Alex Edmans and Xavier Gabaix
London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics
Downloads 32 (396,703)
Citation 1

Abstract:

Executive Compensation: A Modern Primer

CEPR Discussion Paper No. DP10566
Number of pages: 71 Posted: 05 May 2015
Alex Edmans and Xavier Gabaix
London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics
Downloads 1 (572,070)
Citation 1

Abstract:

contract theory, executive compensation, optimal contracting, principal-agent problem, rent extraction

Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets

MIT Department of Economics Working Paper No. 05-18
Number of pages: 37 Posted: 24 May 2005
Xavier Gabaix and David Laibson
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 2,194 (4,612)
Citation 158

Abstract:

behavioral economics, bounded rationality, consumer protection, information

Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets

NBER Working Paper No. w11755
Number of pages: 37 Posted: 06 Feb 2006
Xavier Gabaix and David Laibson
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 47 (341,603)
Citation 158

Abstract:

8.
Downloads 2,098 ( 5,091)
Citation 37

Crash Risk in Currency Markets

NYU Working Paper No. FIN-09-007
Number of pages: 68 Posted: 07 May 2009 Last Revised: 13 Mar 2015
Harvard University - Department of Economics, Harvard University - Institute for Quantitative Social Sciences, Harvard University - Department of Economics, Paris School of Economics (PSE) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2,053 (5,169)
Citation 37

Abstract:

Exchange Rates, Disaster Risk, Currency Options

Crash Risk in Currency Markets

NBER Working Paper No. w15062
Number of pages: 94 Posted: 08 Jun 2009
Harvard University - Department of Economics, Harvard University - Institute for Quantitative Social Sciences, Harvard University - Department of Economics, Paris School of Economics (PSE) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 44 (351,411)
Citation 37

Abstract:

Crash Risk in Currency Markets

CEPR Discussion Paper No. DP7322
Number of pages: 83 Posted: 15 Jul 2009
Harvard University - Department of Economics, Harvard University - Institute for Quantitative Social Sciences, Harvard University - Department of Economics, Paris School of Economics (PSE) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1 (572,070)
Citation 37

Abstract:

carry trade, currency crisis, currency options, disaster risk, exchange rate, financial crisis

Is CEO Pay Really Inefficient? A Survey of New Optimal Contracting Theories

Europen Financial Management, Vol. 15, No. 3, pp. 486-496, June 2009
Number of pages: 13 Posted: 24 Sep 2008 Last Revised: 07 Dec 2011
Alex Edmans and Xavier Gabaix
London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics
Downloads 1,565 (8,252)
Citation 32

Abstract:

Executive compensation, pay-performance sensitivity, rent extraction, optimal contracting

Is CEO Pay Really Inefficient? A Survey of New Optimal Contracting Theories

NYU Working Paper No. FIN-08-026
Number of pages: 13 Posted: 09 Mar 2009 Last Revised: 07 Dec 2011
Alex Edmans and Xavier Gabaix
London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics
Downloads 214 (117,341)
Citation 32

Abstract:

Is CEO Pay Really Inefficient? A Survey of New Optimal Contracting Theories

European Financial Management, Vol. 15, Issue 3, pp. 486-496, June 2009
Number of pages: 11 Posted: 27 May 2009
Alex Edmans and Xavier Gabaix
London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics
Downloads 1 (572,070)
Citation 32

Abstract:

10.
Downloads 1,525 ( 8,775)
Citation 23

Learning in the Credit Card Market

Number of pages: 44 Posted: 06 Apr 2008 Last Revised: 26 Apr 2013
Georgetown University - Department of Finance, Federal Reserve Board, Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 1,437 (9,480)
Citation 23

Abstract:

household finance, consumer finance, credit cards, feedback, learning, learning-by-doing, recency

Learning in the Credit Card Market

NBER Working Paper No. w13822
Number of pages: 37 Posted: 15 Feb 2008
Georgetown University - Department of Finance, Federal Reserve Board, Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 88 (242,972)
Citation 23

Abstract:

11.

A Unified Theory of Ten Financial Puzzles

9th Annual Texas Finance Festival
Number of pages: 38 Posted: 01 Apr 2007
Xavier Gabaix
Harvard University - Department of Economics
Downloads 1,239 (11,293)

Abstract:

Rare Disasters, Stochastic Discount Factor, Linearity-generating process, Long term risk, Interest rate processes, Yield curve, Bond pricing, Equity Premium, Value Premium, Risk-free rate puzzle, Excess volatility, Forward premium puzzle, Uncovered interest rate parity puzzle

A Multiplicative Model of Optimal CEO Incentives in Market Equilibrium

Review of Financial Studies, Vol. 22, No. 12, pp. 4881-4917, December 2009, EFA 2008 Athens Meetings Paper
Number of pages: 42 Posted: 19 Mar 2008 Last Revised: 07 Dec 2011
Alex Edmans, Xavier Gabaix and Augustin Landier
London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics and Toulouse School of Economics
Downloads 1,146 (13,637)
Citation 91

Abstract:

Executive compensation, multiplicative preferences, pay-performance sensitivity, incentives, perks, optimal contracting, calibration

A Multiplicative Model of Optimal CEO Incentives in Market Equilibrium

The Review of Financial Studies, Vol. 22, Issue 12, pp. 4881-4917, 2009
Posted: 24 Nov 2009
Alex Edmans, Xavier Gabaix and Augustin Landier
London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics and Toulouse School of Economics

Abstract:

D2, D3, G34, J3

13.
Downloads 1,033 ( 16,277)
Citation 27

The Effect of Risk on the CEO Market

Review of Financial Studies 24(8), 2822-2863, August 2011
Number of pages: 44 Posted: 31 Dec 2009 Last Revised: 20 Dec 2013
Alex Edmans and Xavier Gabaix
London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics
Downloads 995 (16,876)
Citation 27

Abstract:

Executive compensation, incentives, talent, market equilibrium, risk, assignment

Risk and the CEO Market: Why Do Some Large Firms Hire Highly-Paid, Low-Talent CEOS?

NBER Working Paper No. w15987
Number of pages: 43 Posted: 17 May 2010
Alex Edmans and Xavier Gabaix
London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics
Downloads 33 (392,475)
Citation 27

Abstract:

Risk and the CEO Market: Why Do Some Large Firms Hire Highly-Paid, Low-Talent CEOs?

CEPR Discussion Paper No. DP7836
Number of pages: 45 Posted: 19 Jul 2010
Alex Edmans and Xavier Gabaix
London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics
Downloads 5 (543,046)
Citation 27

Abstract:

assignment, executive compensation, incentives, market equilibrium, risk, talent

Limits of Arbitrage: Theory and Evidence from the Mortgage-Backed Securities Market

EFA 2004 Maastricht Meetings Paper No. 4940, Fifteenth Annual Utah Winter Finance Conference
Number of pages: 44 Posted: 11 Jun 2004
Harvard University - Department of Economics, Northwestern University - Kellogg School of Management and UBM
Downloads 876 (20,481)
Citation 49

Abstract:

Market segmentation, prepayment risk, liquidity, limited capital, hedge funds, limits to arbitrage.

Limits of Arbitrage: Theory and Evidence from the Mortgage-Backed Securities Market

NBER Working Paper No. w11851
Number of pages: 47 Posted: 08 Mar 2006
Harvard University - Department of Economics, Northwestern University - Kellogg School of Management and UBM
Downloads 45 (348,073)
Citation 49

Abstract:

Rank-1/2: A Simple Way to Improve the OLS Estimation of Tail Exponents

Harvard Institute of Economic Research Discussion Paper No. 2106
Number of pages: 34 Posted: 07 Feb 2006 Last Revised: 19 Jun 2009
Xavier Gabaix and Rustam Ibragimov
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 862 (20,991)
Citation 29

Abstract:

power law, heavy-tailedness, OLS log-log rank-size regression, bias, standard errors, Zipf's law

Rank-1/2: A Simple Way to Improve the Ols Estimation of Tail Exponents

NBER Working Paper No. t0342
Number of pages: 37 Posted: 14 Sep 2007
Rustam Ibragimov and Xavier Gabaix
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 25 (430,688)
Citation 29

Abstract:

16.

The Allocation of Attention: Theory and Evidence

MIT Department of Economics Working Paper No. 03-31
Number of pages: 45 Posted: 16 Sep 2003
Harvard University - Department of Economics, Harvard University - Department of Economics, University of Chicago - Department of Economics and Harvard University
Downloads 842 (19,243)
Citation 19

Abstract:

attention, satisficing, Mouselab, bounded rationality, behavioral economics, experimental economics, cognitive modeling

Executive Compensation: A Survey of Theory and Evidence

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 514/2016
Number of pages: 167 Posted: 26 Jun 2017 Last Revised: 18 Jul 2017
Alex Edmans, Xavier Gabaix and Dirk Jenter
London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics and London School of Economics & Political Science
Downloads 627 (33,304)

Abstract:

Executive compensation, contracts, principal-agent problem, rent extraction

Executive Compensation: A Survey of Theory and Evidence

NBER Working Paper No. w23596
Number of pages: 168 Posted: 17 Jul 2017
Alex Edmans, Xavier Gabaix and Dirk Jenter
London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics and London School of Economics & Political Science
Downloads 6 (543,046)

Abstract:

Executive Compensation: A Survey of Theory and Evidence

CEPR Discussion Paper No. DP12148
Number of pages: 170 Posted: 18 Jul 2017
Alex Edmans, Xavier Gabaix and Dirk Jenter
London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics and London School of Economics & Political Science
Downloads 0

Abstract:

18.
Downloads 600 ( 35,429)
Citation 1

International Liquidity and Exchange Rate Dynamics

Number of pages: 67 Posted: 07 Dec 2013 Last Revised: 21 Jul 2015
Xavier Gabaix and Matteo Maggiori
Harvard University - Department of Economics and Harvard University
Downloads 577 (36,784)
Citation 1

Abstract:

Exchange Rate Disconnect, Capital Flows, FX Intervention, Limits of Arbitrage

International Liquidity and Exchange Rate Dynamics

NBER Working Paper No. w19854
Number of pages: 68 Posted: 25 Jan 2014
Xavier Gabaix and Matteo Maggiori
Harvard University - Department of Economics and Harvard University
Downloads 22 (447,703)
Citation 1

Abstract:

International Liquidity and Exchange Rate Dynamics

CEPR Discussion Paper No. DP9842
Number of pages: 66 Posted: 02 Jun 2014
Xavier Gabaix and Matteo Maggiori
Harvard University - Department of Economics and Harvard University
Downloads 1 (572,070)
Citation 1

Abstract:

Capital Flows, Exchange Rate Disconnect, Foreign Exchange Intervention, Limits of Arbitrage

Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance

AFA 2009 San Francisco Meetings Paper
Number of pages: 44 Posted: 18 Mar 2008
Xavier Gabaix
Harvard University - Department of Economics
Downloads 443 (51,683)
Citation 89

Abstract:

Rare disasters, Asset Pricing Puzzles, Return predictability, Crash risk, Equilibrium asset pricing

Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance

NYU Working Paper No. 2451/28349
Number of pages: 44 Posted: 08 Dec 2009
Xavier Gabaix
Harvard University - Department of Economics
Downloads 68 (284,009)
Citation 89

Abstract:

Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance

NBER Working Paper No. w13724
Number of pages: 45 Posted: 11 Jan 2008
Xavier Gabaix
Harvard University - Department of Economics
Downloads 40 (365,226)
Citation 89

Abstract:

20.
Downloads 541 ( 40,598)
Citation 57

The Granular Origins of Aggregate Fluctuations

Number of pages: 44 Posted: 23 Mar 2008 Last Revised: 18 Aug 2009
Xavier Gabaix
Harvard University - Department of Economics
Downloads 510 (43,264)
Citation 57

Abstract:

Business cycle, idiosyncratic shocks, productivity, Solow residual, granular residual, comovement

The Granular Origins of Aggregate Fluctuations

NBER Working Paper No. w15286
Number of pages: 45 Posted: 25 Aug 2009
Xavier Gabaix
Harvard University - Department of Economics
Downloads 31 (401,076)
Citation 57

Abstract:

21.
Downloads 501 ( 44,780)
Citation 78

The 6D Bias and the Equity Premium Puzzle

Harvard Institute of Economic Research Paper No. 1947; MIT Department of Economics Working Paper No. 02-01
Number of pages: 47 Posted: 17 Jan 2002
Xavier Gabaix and David Laibson
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 501 (44,210)
Citation 78

Abstract:

6D, bounded rationality, decision costs, delayed adjustment, equity premium puzzle

The 6D Bias and the Equity Premium Puzzle

Forthcoming in 2001 NBER Macroeconomics Annual
Posted: 08 Feb 2002
Xavier Gabaix and David Laibson
Harvard University - Department of Economics and Harvard University - Department of Economics

Abstract:

6D, bounded rationality, decision costs, delayed adjustment, equity premium puzzle

22.
Downloads 422 ( 47,758)
Citation 55

Rare Disasters and Exchange Rates

Paris December 2007 Finance International Meeting AFFI-EUROFIDAI Paper
Number of pages: 70 Posted: 13 Dec 2007 Last Revised: 15 Oct 2014
Emmanuel Farhi and Xavier Gabaix
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 376 (63,267)
Citation 55

Abstract:

Disaster risk, forward premium puzzle, uncovered interest rate parity, risk-reversals, international macro-finance puzzles

Rare Disasters and Exchange Rates

NBER Working Paper No. w13805
Number of pages: 47 Posted: 13 Feb 2008
Emmanuel Farhi and Xavier Gabaix
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 46 (344,748)
Citation 55

Abstract:

Rare Disasters and Exchange Rates

CEPR Discussion Paper No. DP10334
Number of pages: 72 Posted: 23 Jan 2015
Emmanuel Farhi and Xavier Gabaix
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 0
Citation 54

Abstract:

disaster risk, forward premium puzzle, international macro-finance puzzles, risk-reversals, uncovered interest rate parity

23.

Linearity-Generating Processes, Unspanned Stochastic Volatility, and Interest-Rate Option Pricing

Number of pages: 51 Posted: 19 Mar 2011
Peter Carr, Xavier Gabaix and Liuren Wu
New York University (NYU) - Courant Institute of Mathematical Sciences, Harvard University - Department of Economics and City University of New York, CUNY Baruch College - Zicklin School of Business
Downloads 431 (47,381)
Citation 1

Abstract:

24.
Downloads 379 ( 63,300)
Citation 13

Tractability in Incentive Contracting

Review of Financial Studies, Forthcoming
Number of pages: 31 Posted: 22 Jul 2008 Last Revised: 07 Dec 2011
Alex Edmans and Xavier Gabaix
London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics
Downloads 357 (67,285)
Citation 13

Abstract:

Contract theory, executive compensation, incentives, principal-agent problem, closed forms, multiperiod contracts, multiperiod games.

Tractability in Incentive Contracting

NBER Working Paper No. w15545
Number of pages: 67 Posted: 01 Dec 2009
Alex Edmans and Xavier Gabaix
London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics
Downloads 19 (465,133)
Citation 13

Abstract:

Tractability in Incentive Contracting

CEPR Discussion Paper No. DP7578
Number of pages: 69 Posted: 11 Jan 2010
Alex Edmans and Xavier Gabaix
London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics
Downloads 3 (553,541)
Citation 13

Abstract:

closed forms, contract theory, dispersive order, executive compensation, incentives, principal-agent problem, subderivative

25.
Downloads 234 (107,768)
Citation 10

A Sparsity-Based Model of Bounded Rationality

AFA 2013 San Diego Meetings Paper
Number of pages: 52 Posted: 08 Mar 2011 Last Revised: 18 Mar 2012
Xavier Gabaix
Harvard University - Department of Economics
Downloads 209 (120,129)
Citation 10

Abstract:

anchoring and adjustment, inattention, boundedly rational dynamic programming, price rigidity, hedging demand, sparse representations, L1 minimization, dictionaries

A Sparsity-Based Model of Bounded Rationality

NBER Working Paper No. w16911
Number of pages: 41 Posted: 04 Apr 2011
Xavier Gabaix
Harvard University - Department of Economics
Downloads 25 (430,688)
Citation 10

Abstract:

26.

A Primer on Tractable Incentive Contracts

Number of pages: 8 Posted: 24 Jun 2011 Last Revised: 07 Dec 2011
Alex Edmans and Xavier Gabaix
London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics
Downloads 189 (105,849)

Abstract:

Contract theory, executive compensation, incentives, principal-agent problem, closed forms, multiperiod contracts

27.

The Tractable 'Quadratic' Class of Growth and Interest Rate Processes

MIT Department of Economics Working Paper No. 06-17
Number of pages: 31 Posted: 13 Jun 2006
Xavier Gabaix
Harvard University - Department of Economics
Downloads 114 (194,255)

Abstract:

Long term risk, Growth rate risk, Perpetuity, Modified Gordon growth model, Yield curve, Interest rate processes, Stochastic Discount Factor, Quadratic processes

Linearity-Generating Processes: A Modelling Tool Yielding Closed Forms for Asset Prices

NYU Working Paper No. FIN-07-006
Number of pages: 44 Posted: 03 Nov 2008
Xavier Gabaix
Harvard University - Department of Economics
Downloads 63 (296,026)
Citation 16

Abstract:

Modified Gordon growth model, Stochastic Discount Factor, Long term risk, Interest rate processes, Bond premia, Equity Premium

Linearity-Generating Processes: A Modelling Tool Yielding Closed Forms for Asset Prices

NBER Working Paper No. w13430
Number of pages: 53 Posted: 26 Sep 2007
Xavier Gabaix
Harvard University - Department of Economics
Downloads 38 (372,664)
Citation 16

Abstract:

A Calibratable Model of Optimal CEO Incentives in Market Equilibrium

NYU Working Paper No. FIN-07-022
Number of pages: 50 Posted: 03 Nov 2008
Alex Edmans, Xavier Gabaix and Augustin Landier
London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics and Toulouse School of Economics
Downloads 76 (266,216)
Citation 85

Abstract:

A Calibratable Model of Optimal CEO Incentives in Market Equilibrium

NBER Working Paper No. w13372
Number of pages: 51 Posted: 10 Sep 2007
Alex Edmans, Xavier Gabaix and Augustin Landier
London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics and Toulouse School of Economics
Downloads 22 (447,703)
Citation 85

Abstract:

30.

Trade Patterns, Trade Balances and Idiosyncratic Shocks

Banco de España Research Paper No. WP-0721, "la Caixa" Working Paper No. 02/2007,
Number of pages: 45 Posted: 03 Jul 2007 Last Revised: 30 Apr 2008
La Caixa, Harvard University - Department of Economics, Banco de España and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 92 (209,884)
Citation 4

Abstract:

trade balance, trade concentration, firms, empirical

31.

Tractability and Detail-Neutrality in Incentive Contracting

NYU Working Paper No. FIN-08-019
Number of pages: 46 Posted: 09 Mar 2009
Alex Edmans and Xavier Gabaix
London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics
Downloads 56 (294,748)
Citation 4

Abstract:

32.

The Great Diversification and its Undoing

Number of pages: 50 Posted: 30 Sep 2010
Vasco M. Carvalho and Xavier Gabaix
Universitat Pompeu Fabra/CREI and Harvard University - Department of Economics
Downloads 49 (321,063)
Citation 8

Abstract:

shocks, origins of the business cycle, great moderation, structural change, granularity

Behavioral Macroeconomics via Sparse Dynamic Programming

Number of pages: 135 Posted: 20 Dec 2015
Xavier Gabaix
Harvard University - Department of Economics
Downloads 34 (388,401)

Abstract:

Bounded rationality, inattention

Behavioral Macroeconomics Via Sparse Dynamic Programming

NBER Working Paper No. w21848
Number of pages: 55 Posted: 12 Jan 2016
Xavier Gabaix
Harvard University - Department of Economics
Downloads 14 (494,059)

Abstract:

Behavioral Macroeconomics Via Sparse Dynamic Programming

CEPR Discussion Paper No. DP11026
Number of pages: 56 Posted: 12 Jan 2016
Xavier Gabaix
Harvard University - Department of Economics
Downloads 0

Abstract:

Bounded rationality, inattention, simplification

34.
Downloads 28 (404,239)

The Dynamics of Inequality

NBER Working Paper No. w21363
Number of pages: 46 Posted: 20 Jul 2015
Harvard University - Department of Economics, BNP Paribas, Université Paris Dauphine - CEREMADE and Princeton University - Department of Economics
Downloads 25 (430,688)

Abstract:

The Dynamics of Inequality

CEPR Discussion Paper No. DP11028
Number of pages: 39 Posted: 12 Jan 2016
Harvard University - Department of Economics, BNP Paribas, Université Paris Dauphine - CEREMADE and Princeton University - Department of Economics
Downloads 3 (553,541)

Abstract:

inequality, operator methods, Pareto distribution, speed of transition, superstars

35.
Downloads 25 (418,342)

A Behavioral New Keynesian Model

NBER Working Paper No. w22954
Number of pages: 56 Posted: 19 Dec 2016
Xavier Gabaix
Harvard University - Department of Economics
Downloads 24 (436,219)

Abstract:

A Behavioral New Keynesian Model

CEPR Discussion Paper No. DP11729
Number of pages: 71 Posted: 03 Jan 2017
Xavier Gabaix
Harvard University - Department of Economics
Downloads 1 (572,070)

Abstract:

behavioral macroeconomics, bounded rationality, forward guidance, price level targetting, zero lower bound

36.

The Area and Population of Cities: New Insights from a Different Perspective on Cities

NBER Working Paper No. w15409
Number of pages: 28 Posted: 13 Oct 2009
City College of New York, City College of New York, Harvard University - Department of Economics and City College of New York
Downloads 24 (404,239)
Citation 3

Abstract:

Boundedly Rational Dynamic Programming: Some Preliminary Results

NBER Working Paper No. w17783
Number of pages: 12 Posted: 25 Feb 2012
Xavier Gabaix
Harvard University - Department of Economics
Downloads 21 (453,386)

Abstract:

Boundedly Rational Dynamic Programming: Some Preliminary Results

CEPR Discussion Paper No. DP8813
Posted: 01 Mar 2012
Xavier Gabaix
Harvard University - Department of Economics

Abstract:

behavioral economics, bounded rationality, inattention, intertemporal elasticity of substitution

38.
Downloads 21 (438,756)
Citation 8

The Great Diversification and its Undoing

NBER Working Paper No. w16424
Number of pages: 51 Posted: 04 Oct 2010
Vasco M. Carvalho and Xavier Gabaix
Universitat Pompeu Fabra/CREI and Harvard University - Department of Economics
Downloads 18 (470,828)
Citation 8

Abstract:

The Great Diversification and its Undoing

CEPR Discussion Paper No. DP8044
Number of pages: 53 Posted: 22 Nov 2010
Vasco M. Carvalho and Xavier Gabaix
Universitat Pompeu Fabra/CREI and Harvard University - Department of Economics
Downloads 3 (553,541)
Citation 8

Abstract:

granularity, great moderation, origins of the business cycle, shocks, structural change

39.
Downloads 17 (459,628)

Myopia and Discounting

NBER Working Paper No. w23254
Number of pages: 38 Posted: 20 Mar 2017
Xavier Gabaix and David Laibson
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 16 (482,315)

Abstract:

Myopia and Discounting

CEPR Discussion Paper No. DP11914
Number of pages: 40 Posted: 20 Mar 2017
Xavier Gabaix and David Laibson
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 1 (572,070)

Abstract:

Behavioral economics, discounting, myopia

CEO Pay and Firm Size: An Update after the Crisis

NBER Working Paper No. w19078
Number of pages: 38 Posted: 31 May 2013
Xavier Gabaix, Augustin Landier and Julien Sauvagnat
Harvard University - Department of Economics, Toulouse School of Economics and Bocconi University
Downloads 6 (538,034)

Abstract:

CEO Pay and Firm Size: An Update after the Crisis

CEPR Discussion Paper No. DP9498
Number of pages: 40 Posted: 06 Jun 2013
Xavier Gabaix, Augustin Landier and Julien Sauvagnat
Harvard University - Department of Economics, Toulouse School of Economics and Bocconi University
Downloads 2 (561,228)

Abstract:

assignment models, economics of superstars, Executive pay, inequality, matching.

CEO Pay and Firm Size: An Update after the Crisis

The Economic Journal, Vol. 124, Issue 574, pp. F40-F59, 2014
Number of pages: 20 Posted: 25 Feb 2014
Xavier Gabaix, Augustin Landier and Julien Sauvagnat
Harvard University - Department of Economics, Toulouse School of Economics and Bocconi University
Downloads 0

Abstract:

41.

Optimal Taxation with Behavioral Agents

NBER Working Paper No. w21524
Number of pages: 52 Posted: 08 Sep 2015
Emmanuel Farhi and Xavier Gabaix
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 2 (464,710)
Citation 1

Abstract: