Browsing FAS Scholarly Articles by Author "Gabaix, Xavier"

Now showing items 1-7 of 7

    • A Behavioral New Keynesian Model 

      Gabaix, Xavier (2016)
      This paper presents a framework for analyzing how bounded rationality affects monetary and fiscal policy. The model is a tractable and parsimonious enrichment of the widely-used New Keynesian model – with one main new ...

    • Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model 

      Gabaix, Xavier; Laibson, David; Moloche, Guillermo; Weinberg, Stephen (American Economic Association, 2006-09-01)
      The directed cognition model assumes that agents use partially myopic option-value calculations to select their next cognitive operation. The current paper tests this model by studying information acquisition in two ...

    • The Dynamics of Inequality 

      Gabaix, Xavier; Lasry, Jean-Michel; Lions, Pierre-Louis; Moll, Benjamin (The Econometric Society, 2016)
      The past forty years have seen a rapid rise in top income inequality in the United States. While there is a large number of existing theories of the Pareto tail of the long-run income distributions, almost none of these ...

    • Executive Compensation: A Modern Primer 

      Edmans, Alex; Gabaix, Xavier (American Economic Association, 2016)
      This article studies traditional and modern theories of executive compensation, bringing them together under a simple unifying framework accessible to the general-interest reader. We analyze assignment models of the level ...

    • Optimal Taxation with Behavioral Agents 

      Farhi, Emmanuel; Gabaix, Xavier (2017)
      This paper develops a theory of optimal taxation with behavioral agents. We use a general behavioral framework that encompasses a wide range of behavioral biases such as misperceptions, internalities and mental accounting. ...

    • Power Laws in Economics: An Introduction 

      Gabaix, Xavier (American Economic Association, 2016)
      Many of the insights of economics seem to be qualitative, with many fewer reliable quantitative laws. However a series of power laws in economics do count as true and nontrivial quantitative laws—and they are not only ...

    • Zipf's Law and the Growth of Cities 

      Gabaix, Xavier (American Economic Association, 1999-05)