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Xavier Gabaix
Researcher at Harvard University
Publications - 166
Citations - 24131
Xavier Gabaix is an academic researcher from Harvard University. The author has contributed to research in topics: Executive compensation & Interest rate. The author has an hindex of 65, co-authored 164 publications receiving 22047 citations. Previous affiliations of Xavier Gabaix include University of Chicago & Center for Economic and Policy Research.
Papers
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Journal ArticleDOI
Why has CEO Pay Increased So Much
Xavier Gabaix,Augustin Landier +1 more
TL;DR: In this paper, the authors developed a simple equilibrium model of CEO pay and found that a CEO's pay changes one for one with aggregate firm size, while changing much less with the size of his own firm.
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Zipf's Law for Cities: An Explanation
TL;DR: In this paper, it was shown that, at least in the upper tail, all cities follow some proportional growth process (this appears to be verified empirically), which automatically leads their distribution to converge to Zipf's law.
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A theory of power-law distributions in financial market fluctuations
Xavier Gabaix,Parameswaran Gopikrishnan,Parameswaran Gopikrishnan,Vasiliki Plerou,H. Eugene Stanley +4 more
TL;DR: This model is based on the hypothesis that large movements in stock market activity arise from the trades of large participants, and explains certain striking empirical regularities that describe the relationship between large fluctuations in prices, trading volume and the number of trades.
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Shrouded attributes, consumer myopia, and information suppression in competitive markets
Xavier Gabaix,David Laibson +1 more
TL;DR: In this paper, the authors show that informational shrouding flourishes even in highly competitive markets, even in markets with costless advertising, and even when the shrouding generates allocational inefficiencies.
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Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance
TL;DR: In this article, the authors incorporate a time-varying intensity of disasters in the Rietz-Barro hypothesis that risk premia result from the possibility of rare, large disasters.