John Rust

Department of Economics, Georgetown University

Professor of Economics

Washington, DC 20057

United States

SCHOLARLY PAPERS

10

DOWNLOADS

1,272

TOTAL CITATIONS
Rank 16,642

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Top 16,642

in Total Papers Citations

74

Scholarly Papers (10)

1.

Constrained Optimization Approaches to Estimation of Structural Models: Comment

Number of pages: 10 Posted: 24 Mar 2015
University of New South Wales (UNSW) - ARC Centre of Excellence in Population Ageing Research (CEPAR), Ulsan National Institute of Science and Technology (UNIST), Department of Economics, Georgetown University, Seoul National University and University of Copenhagen - Department of Economics
Downloads 273 (239,415)
Citation 3

Abstract:

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Structural estimation, dynamic discrete choice, NFXP, MPEC, successive approximations, Newton-Kantorovich algorithm

2.

Estimating Discrete-Continuous Choice Models: The Endogenous Grid Method with Taste Shocks

Number of pages: 35 Posted: 28 Nov 2015
University of New South Wales (UNSW) - ARC Centre of Excellence in Population Ageing Research (CEPAR), University of Copenhagen, Department of Economics, Georgetown University and University of Copenhagen - Department of Economics
Downloads 241 (271,292)
Citation 20

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Structural estimation, lifecycle model, discrete and continuous choice, retirement choice, endogenous gridpoint method, nested xed point algorithm, extreme value taste shocks, smoothed max function

3.

Disequilibrium Play in Tennis

Number of pages: 89 Posted: 16 Mar 2023 Last Revised: 07 Feb 2024
Georgetown University - Department of Economics, Department of Economics, Georgetown University, Department of Economics, Georgetown University and affiliation not provided to SSRN
Downloads 224 (291,314)
Citation 1

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tennis, games, Nash equilibrium, Minimax theorem, constant sum games, mixed strategies, dynamic directional games, binary Markov games, dynamic programming, structural estimation, muscle memory, magnification effect

4.

The Home Selling Problem: Theory and Evidence

PIER Working Paper No. 13-006
Number of pages: 46 Posted: 31 Jan 2013
University of Pennsylvania - Department of Economics, Wisconsin School of Business and Department of Economics, Georgetown University
Downloads 193 (335,221)
Citation 42

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housing, bargaining, sticky prices, optimal selling strategy, dynamic programming

5.

The Dynamics of Bertrand Price Competition with Cost-Reducing Investments

Univ. of Copenhagen Dept. of Economics Discussion Paper No. 13-05
Number of pages: 58 Posted: 13 Jun 2013
University of New South Wales (UNSW) - ARC Centre of Excellence in Population Ageing Research (CEPAR), Department of Economics, Georgetown University and University of Copenhagen - Department of Economics
Downloads 136 (452,164)
Citation 5

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duopoly, Bertrand-Nash price competition, Bertrand paradox, Bertrand investment paradox, leapfrogging, cost-reducing investments, technological improvement, dynamic models of competition, Markov-perfect equilibrium, tacit collusion, price wars, coordination and anti-coordination games, strategic

6.

Recursive Lexicographical Search: Finding All Markov Perfect Equilibria of Finite State Directional Dynamic Games

Number of pages: 62 Posted: 03 Jul 2014
University of New South Wales (UNSW) - ARC Centre of Excellence in Population Ageing Research (CEPAR), Department of Economics, Georgetown University and University of Copenhagen - Department of Economics
Downloads 106 (547,870)
Citation 3

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Dynamic games, directional dynamic games, Markov-perfect equilibrium, subgame perfect equilibrium, multiple equilibria, partial orders, directed acyclic graphs, d-subgames, generalized stage games, state recursion, recursive lexicographic search algorithm, variable-base arithmetic,successor function

Equilibrium Trade in Automobile Markets

CESifo Working Paper No. 7650
Number of pages: 65 Posted: 24 Jul 2019
Yale University, University of New South Wales (UNSW) - ARC Centre of Excellence in Population Ageing Research (CEPAR), University of Copenhagen - Department of Economics, Department of Economics, Georgetown University and University of Copenhagen - Department of Economics
Downloads 54 (823,813)

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secondary markets, trade, consumer heterogeneity, transactions costs, dynamic programming, extreme value distribution, dynamic discrete choice, multinomial logit model, stationary equilibrium, Markov chains, invariant distributions

Equilibrium Trade in Automobile Markets

NBER Working Paper No. w25840
Number of pages: 64 Posted: 22 May 2019 Last Revised: 08 Feb 2023
Yale University, University of New South Wales (UNSW) - ARC Centre of Excellence in Population Ageing Research (CEPAR), University of Copenhagen - Department of Economics, Department of Economics, Georgetown University and University of Copenhagen - Department of Economics
Downloads 16 (1,236,234)

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8.

Explaining Early Bidding in Informationally Restricted, Ascending-Bid Auctions

Number of pages: 61 Posted: 04 Jun 2024
Sungjin Cho, Harry J. Paarsch and John Rust
Seoul National University, University of Central Florida - College of Business Administration - Department of Economics and Department of Economics, Georgetown University
Downloads 26 (1,071,381)

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dynamic auctions, behavioral economics, used cars, wholesale auctions, ascending bid, sealed-bid, second bid, English, Japanese, open outcry, and Korean auctions, bid sniping, jump bidding and bid creeping, collusion, algorithmic collusion, informational restrictions, perfect Bayesian equilibrium, anonymous equilibrium, rational inattention, bidding frictions, early bidding and overbidding, bounded rationality, dynamic programming, structural estimation, quasi maximum likelihood estimation, empirical mechanism design, bidding paradox.

9.

Who is More Bayesian: Humans or ChatGPT?

Number of pages: 87
Georgetown University - Department of Economics, Students, affiliation not provided to SSRN, Department of Economics, Georgetown University, Georgetown University and Georgetown University
Downloads 3

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Bayes rule, decision making, statistical decision theory, win and loss functions, learning, classification, machine learning, artificial intelligence, large language models, Bayesian inference, maximum likelihood, heterogeneity, mixture models, Estimation-Classification (EC) algorithm, binary logit model, structural models, GPT, LLM, Neural Networks, AI

10.

Has Dynamic Programming Improved Decision Making?

Annual Review of Economics, Vol. 11, pp. 833-858, 2019
Posted: 04 Sep 2019
John Rust
Department of Economics, Georgetown University

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