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 ps
• How Large is the Bias in Self-Reported Disability Status? pdf ps
• 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, Hanyang University)
  (slides are also available)
• The Flat Rental Puzzle (with Sungjin Cho, Hanyang University).
• Valuing Programs with Deterministic and Stochastic Cycles (with Harry Paarsch, University of Iowa).