Online Research Papers by John Rust

• Structural Estimation of Markov Decision Processes
• Using Randomization to Break the Curse of Dimensionality
• A Dynamic Programming Model of U.S. Nuclear Power Plant Operations
• Optimal Response to a Shift in Regulatory Regime: The Case of the U.S. Nuclear Power Industry
• How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets
• On the Optimal Lifetime of Nuclear Power Plants
• Dealing with the Complexity of Economic Calculations
• A Comparison of Policy Iteration Methods for Solving Continuous-State, Infinite-Horizon Markovian Decision Problems Using Random, Quasi-random, and Deterministic Discretizations
• An Empirical Analysis of the Social Security Disability Application, Appeal and Award Process
• Is There a Curse of Dimensionality for Contraction Fixed Points in the Worst Case? (published in Econometrica) ps pdf
• An Empirical Model of Inventory Investment by Durable Commodity Intermediaries
• An (S,s) Model of Commodity Price Speculation pdf ps
• Econometric Methods for Endogenously Sampled Time Series: The Case of Commodity Price Speculation in the Steel Market ps pdf
• The (S,s) Policy is an Optimal Trading Strategy in a Class of Commodity Price Speculation Problems pdf
• How Large is the Bias in Self-Reported Disability Status? pdf
• An Empirical Model of Social Insurance at the End of the Life Cycle
  (research proposal to NSF, with H. Benitez-Silva and M. Buchinsky) ps pdf
• Middle Men and Market Makers: A Theory of Competitive Exchange
  (with George Hall, Yale University) pdf
• Induced Entry Effects of a $1 for $2 offset in SSDI Benefits pdf
• How Large are the Classification Errors in the Social Security Disability Award Proces? pdf
• Simulated Minimum Distance Estimation of a Model of Optimal Commodity Price Speculation with Endogenously Sampled Prices (supersedes "Econometric Methods for Endogenously Sampled Time Series: The Case of Commodity Price Speculation in the Steel Market" although there is material in the latter paper that is not included in this new version).
• Impact of Retiree Health Plans on Faculty Retirement Decisions
• Convergence Properties of Policy Iteration (with Manuel Santos, Arizona State University)
• Models of Bargaining and Price Determination of Residential Real Estate, with and without Real Estate Agents (with Antonio Merlo University of Pennsylvania and Francois Ortalo-Magne, University of Wisconsin)
• Dynamic Programming (entry for the New Palgrave Dictionary of Economics)
• Comments on Michael Keane's paper, "Structural vs. Atheoretic Approaches to Econometrics" Keane's paper
• Is Econometrics Useful for Private Policy Making? A Case Study of Replacement Policy at an Auto Rental Company (with Sungjin Cho, Seoul National University)
  (slides are also available)
  (also, click here to see the introduction to the special issue of the Journal of Econometrics on "The use of econometrics in informing public policy makers" where our article is included).
  
• The Flat Rental Puzzle (with Sungjin Cho, Hanyang University, forthcoming Review of Economic Studies).
• Valuing Programs with Deterministic and Stochastic Cycles (with Harry Paarsch, University of Iowa, forthcoming Journal of Economic Dynamics and Control).
• Misbehavior (slides from invited keynote lecture at EBES Conference, Istanbul June 2011)
• Can the Job Market for Economists be Improved? (with S. Bandyopadhyay, F. Iskhakov, T. Johnson, S. Lee, D. McArthur, J. Watson and J.B. Watson, forthcoming in Oxford Handbook of Market Design)
• The Free Installment Puzzle (with Sungjin Cho)
• Mostly Useless Econometrics? Assessing the Causal Effect of Econometric Theory in Foundations and Trends in Accounting Volume 10, No. 2--4, pp. 125--203 (2016).
• Disequilibrium Play in Tennis (with Axel Anderson, Jeremy Rosen and Kin-Ping Wong) 2021.
• Equilibrium Trade in Automobiles (with Kenneth Gillingham, Fedor Iskhakov, Anders Munk-Nielsen and Bertel Schjerning) 2021.