Kenneth L. Judd

Stanford University - The Hoover Institution on War, Revolution and Peace

Stanford, CA 94305-6010

United States

Center for Robust Decisionmaking on Climate & Energy Policy (RDCEP)

5735 S. Ellis Street

Chicago, IL 60637

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

43

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139

CROSSREF CITATIONS

309

Scholarly Papers (43)

1.

Constrained Optimization Approaches to Estimation of Structural Models

Econometrica Forthcoming
Number of pages: 21 Posted: 13 Feb 2008 Last Revised: 14 Jan 2012
Che-Lin Su and Kenneth L. Judd
University of Chicago - Booth School of Business and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 1,868 (12,601)
Citation 51

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structural estimation, constrained optimization, dynamic discrete choice models

Solving an Incomplete Markets Model with a Large Cross-Section of Agents

Number of pages: 41 Posted: 08 Jun 2011 Last Revised: 18 Dec 2017
Thomas M. Mertens and Kenneth L. Judd
Federal Reserve Bank of San Francisco and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 675 (54,165)
Citation 12

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Incomplete Markets, Heterogeneity, Perturbation Methods

Equilibrium Existence and Approximation for Incomplete Market Models with Substantial Heterogeneity

NYU Working Paper No. 2451/31656
Number of pages: 41 Posted: 24 Apr 2013
Thomas M. Mertens and Kenneth L. Judd
Federal Reserve Bank of San Francisco and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 50 (533,234)

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Uninsurable risk, portfolio choice, perturbation methods

3.

DSICE: A Dynamic Stochastic Integrated Model of Climate and Economy

RDCEP Working Paper No. 12-02
Number of pages: 34 Posted: 27 Jan 2012
Yongyang Cai, Kenneth L. Judd and Thomas S. Lontzek
Ohio State University (OSU), Stanford University - The Hoover Institution on War, Revolution and Peace and University of Zurich
Downloads 642 (58,504)
Citation 27

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numerical dynamic programming, value function iteration, tipping points, stochastic IAM

4.

Bond Ladders and Optimal Portfolios

Swiss Finance Institute Research Paper No. 08-32
Number of pages: 44 Posted: 27 Oct 2008 Last Revised: 23 Feb 2018
Kenneth L. Judd, Felix Kubler and Karl Schmedders
Stanford University - The Hoover Institution on War, Revolution and Peace, University of Zurich and IMD Lausanne
Downloads 552 (70,859)
Citation 1

Abstract:

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Bond ladders, reinvestment risk, portfolio choice, bonds, consol

5.

A Partial Equilibrium Model of Option Markets

Number of pages: 25 Posted: 16 Oct 2000
Dietmar Leisen and Kenneth L. Judd
Johannes Gutenberg University Mainz - Department of Banking and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 506 (78,894)
Citation 3

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heterogeneity, equilibrium, demand, supply, prices.

6.

High Performance Quadrature Rules: How Numerical Integration Affects a Popular Model of Product Differentiation

Number of pages: 46 Posted: 24 Jun 2011
Benjamin S. Skrainka and Kenneth L. Judd
affiliation not provided to SSRN and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 471 (86,016)
Citation 12

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Numerical Integration, Monomial Rules, Gauss-Hermite Quadrature, Sparse Grid Integration, Monte Carlo Integration, pseudo-Monte Carlo, Product Differentiation, Econometrics, Random Coefficients, Discrete Choice

7.

Tipping Points in a Dynamic Stochastic IAM

RDCEP Working Paper No. 12-03
Number of pages: 18 Posted: 27 Jan 2012
Thomas S. Lontzek, Yongyang Cai and Kenneth L. Judd
University of Zurich, Ohio State University (OSU) and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 241 (177,346)
Citation 9

Abstract:

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Climate change policy and uncertainty, discounting abrupt and irreversible climate change, tipping points, stochastic IAM

Avoiding the Curse of Dimensionality in Dynamic Stochastic Games

Number of pages: 36 Posted: 01 Feb 2005
Ulrich Doraszelski and Kenneth L. Judd
Harvard University - Department of Economics and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 167 (247,180)

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Avoiding the Curse of Dimensionality in Dynamic Stochastic Games

NBER Working Paper No. t0304
Number of pages: 40 Posted: 04 May 2011 Last Revised: 02 May 2022
Ulrich Doraszelski and Kenneth L. Judd
Harvard University - Department of Economics and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 13 (787,928)
Citation 2

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9.

Finding All Pure-Strategy Equilibria in Games with Continuous Strategies

Quantitative Economics 3 (2 2012), Swiss Finance Institute Research Paper No. 10-45
Number of pages: 52 Posted: 05 Nov 2010 Last Revised: 15 Oct 2014
Kenneth L. Judd, Philipp Renner and Karl Schmedders
Stanford University - The Hoover Institution on War, Revolution and Peace, Lancaster University and IMD Lausanne
Downloads 166 (248,098)
Citation 2

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Polynomial Equations, Multiple Equilibria, Static Games, Dynamic Games, Markovperfect Equilibria

10.

A Solution Method for Incomplete Asset Markets Wih Heterogeneous Agents

Number of pages: 27 Posted: 14 Jun 2006
Karl Schmedders, Kenneth L. Judd and Felix Kubler
IMD Lausanne, Stanford University - The Hoover Institution on War, Revolution and Peace and University of Zurich
Downloads 134 (294,609)
Citation 3

Abstract:

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11.

Statistical Approximation of High-Dimensional Climate Models

Swiss Finance Institute Research Paper No. 16-76
Number of pages: 19 Posted: 19 Dec 2016 Last Revised: 04 Jan 2017
CER-ETH - Center of Economic Research at ETH Zurich, Stanford University - The Hoover Institution on War, Revolution and Peace, University of Zurich and IMD Lausanne
Downloads 132 (297,943)

Abstract:

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Climate Change, Greenhouse Gas, Single Equation Models

12.

Efficient Likelihood Ratio Confidence Intervals using Constrained Optimization

Number of pages: 17 Posted: 26 Sep 2019 Last Revised: 10 Dec 2020
Gregor Reich and Kenneth L. Judd
Tsumcor Research AG and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 123 (314,117)

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13.

Optimal Rules for Patent Races

Number of pages: 41 Posted: 30 Mar 2011
Kenneth L. Judd, Karl Schmedders and Sevin Yeltekin
Stanford University - The Hoover Institution on War, Revolution and Peace, IMD Lausanne and Tepper School of Business, Carnegie Mellon University
Downloads 118 (323,471)

Abstract:

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Patent Race, Patent Policy, Stochastic Dynamic Games, Markov-perfect Equilibria

14.

Dynamic Programming with Hermite Interpolation

RDCEP Working Paper No. 12-09
Number of pages: 28 Posted: 19 Jun 2012
Yongyang Cai and Kenneth L. Judd
Ohio State University (OSU) and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 105 (350,629)
Citation 3

Abstract:

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Numerical dynamic programming, value function iteration, Hermite interpolation

15.

Solving Large Scale Rational Expectations Models

NBER Working Paper No. t0207
Number of pages: 43 Posted: 10 Jul 2000 Last Revised: 28 Jul 2022
Jess Gaspar and Kenneth L. Judd
University of Chicago - Booth School of Business and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 65 (463,922)
Citation 1

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16.

Computational Economics and Economic Theory: Substitutes or Complements

NBER Working Paper No. t0208
Number of pages: 50 Posted: 01 Aug 2000 Last Revised: 29 Jul 2022
Kenneth L. Judd
Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 63 (471,303)

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Continuous-Time Methods for Integrated Assessment Models

RDCEP Working Paper No. 12-10
Number of pages: 50 Posted: 19 Jun 2012
Yongyang Cai, Kenneth L. Judd and Thomas S. Lontzek
Ohio State University (OSU), Stanford University - The Hoover Institution on War, Revolution and Peace and University of Zurich
Downloads 47 (547,484)
Citation 1

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Integrated Assessment Model, continuous time DICE, climate change, finite difference method

Continuous-Time Methods for Integrated Assessment Models

NBER Working Paper No. w18365
Number of pages: 44 Posted: 08 Sep 2012 Last Revised: 07 Mar 2022
Yongyang Cai, Kenneth L. Judd and Thomas S. Lontzek
Ohio State University (OSU), Stanford University - The Hoover Institution on War, Revolution and Peace and University of Zurich
Downloads 13 (787,928)

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18.

The Timing and Location of Entry in Growing Markets: Subgame Perfection at Work

NYU Stern School of Business
Number of pages: 54 Posted: 31 Dec 2019
New York University (NYU) - Department of Marketing, University of Pennsylvania - The Wharton School, Stanford University - The Hoover Institution on War, Revolution and Peace and Fuqua Graduate School of Business - Duke University
Downloads 51 (519,483)

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dynamic entry games

19.

Modeling Uncertainty in Large Natural Resource Allocation Problems

World Bank Policy Research Working Paper No. 9159
Number of pages: 64 Posted: 21 Feb 2020 Last Revised: 22 Feb 2020
Ohio State University (OSU), World Bank - Development Research Group (DECRG), Stanford University - The Hoover Institution on War, Revolution and Peace, University of Chicago - Department of Computer Science and Purdue University - Center for Global Trade Analysis
Downloads 48 (532,858)
Citation 1

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20.

How to Solve Dynamic Stochastic Models Computing Expectations Just Once

NBER Working Paper No. w17418
Number of pages: 28 Posted: 06 Oct 2011 Last Revised: 06 Aug 2022
Kenneth L. Judd, Lilia Maliar and Serguei Maliar
Stanford University - The Hoover Institution on War, Revolution and Peace, CUNY The Graduate Center - Department of Economics and Universidad de Alicante - Departamento de Fundamentos del Analisis Economico
Downloads 47 (537,312)
Citation 6

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21.

Numerical Solution of Dynamic Portfolio Optimization with Transaction Costs

NBER Working Paper No. w18709
Number of pages: 32 Posted: 18 Jan 2013 Last Revised: 14 Feb 2021
Yongyang Cai, Kenneth L. Judd and Rong Xu
Ohio State University (OSU), Stanford University - The Hoover Institution on War, Revolution and Peace and Stanford University - Department of Computer Science
Downloads 45 (546,842)
Citation 1

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22.

The Optimal Tax Rate for Capital Income is Negative

NBER Working Paper No. w6004
Number of pages: 48 Posted: 18 Jun 2000 Last Revised: 30 May 2021
Kenneth L. Judd
Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 44 (551,670)
Citation 2

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23.

Solving Dynamic Programming Problems on a Computational Grid

NBER Working Paper No. w18714
Number of pages: 26 Posted: 18 Jan 2013 Last Revised: 19 Feb 2022
Yongyang Cai, Kenneth L. Judd, Greg Thain and Stephen Wright
Ohio State University (OSU), Stanford University - The Hoover Institution on War, Revolution and Peace, University of Wisconsin - Madison and University of Wisconsin - Madison
Downloads 42 (561,621)
Citation 3

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Smolyak Method for Solving Dynamic Economic Models: Lagrange Interpolation, Anisotropic Grid and Adaptive Domain

Number of pages: 47 Posted: 07 Aug 2013 Last Revised: 16 Aug 2013
Kenneth L. Judd, Lilia Maliar, Serguei Maliar and Rafael Valero
Stanford University - The Hoover Institution on War, Revolution and Peace, CUNY The Graduate Center - Department of Economics, Universidad de Alicante - Departamento de Fundamentos del Analisis Economico and Universidad de Alicante
Downloads 29 (652,390)

Abstract:

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Smolyak method, sparse grid, adaptive domain, projection, anisotropic grid, collocation, high-dimensional problem

Smolyak Method for Solving Dynamic Economic Models: Lagrange Interpolation, Anisotropic Grid and Adaptive Domain

NBER Working Paper No. w19326
Number of pages: 48 Posted: 17 Aug 2013 Last Revised: 23 Apr 2022
Kenneth L. Judd, Lilia Maliar, Serguei Maliar and Rafael Valero
Stanford University - The Hoover Institution on War, Revolution and Peace, CUNY The Graduate Center - Department of Economics, Universidad de Alicante - Departamento de Fundamentos del Analisis Economico and Universidad de Alicante
Downloads 12 (797,928)
Citation 16

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25.

Lower Bounds on Approximation Errors: Testing the Hypothesis That a Numerical Solution Is Accurate

Number of pages: 50 Posted: 22 Aug 2014
Kenneth L. Judd, Lilia Maliar and Serguei Maliar
Stanford University - The Hoover Institution on War, Revolution and Peace, CUNY The Graduate Center - Department of Economics and Universidad de Alicante - Departamento de Fundamentos del Analisis Economico
Downloads 39 (576,962)

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approximation errors; best case scenario, error bounds, Euler equation residuals; accuracy; numerical solution; algorithm; new Keynesian model

26.

Nonlinear Programming Method for Dynamic Programming

NBER Working Paper No. w19034
Number of pages: 21 Posted: 11 May 2013 Last Revised: 06 Jul 2022
Ohio State University (OSU), Stanford University - The Hoover Institution on War, Revolution and Peace, University of Zurich, Bank of Italy and University of Chicago - Booth School of Business
Downloads 35 (598,899)

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27.

Social Security and Individual Welfare: Precautionary Saving, Liquidityconstraints, and the Payroll Tax

NBER Working Paper No. w1736
Number of pages: 39 Posted: 04 Jul 2004 Last Revised: 01 Apr 2022
R. Glenn Hubbard and Kenneth L. Judd
Columbia University - Columbia Business School, Finance and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 35 (598,899)
Citation 6

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28.

Preface to the Special Issue on Computational Economics

Operations Research, Vol. 58, No. 4, 1035-1036, July-August 2010
Number of pages: 2 Posted: 20 Oct 2011
Garrett van Ryzin and Kenneth L. Judd
Amazon and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 32 (616,441)

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29.

The Social Cost of Stochastic and Irreversible Climate Change

NBER Working Paper No. w18704
Number of pages: 39 Posted: 18 Jan 2013 Last Revised: 09 Feb 2022
Yongyang Cai, Kenneth L. Judd and Thomas S. Lontzek
Ohio State University (OSU), Stanford University - The Hoover Institution on War, Revolution and Peace and University of Zurich
Downloads 30 (628,901)

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30.

Asymptotic Methods for Asset Market Equilibrium Analysis

NBER Working Paper No. w8135
Number of pages: 48 Posted: 26 Feb 2001 Last Revised: 20 Apr 2022
Kenneth L. Judd and Sy-Ming Guu
Stanford University - The Hoover Institution on War, Revolution and Peace and Yuan-Ze University - Department of Industrial Engineering
Downloads 30 (628,901)
Citation 1

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31.

A Big Data Approach to Optimal Sales Taxation

NBER Working Paper No. w20130
Number of pages: 44 Posted: 19 May 2014 Last Revised: 02 Jan 2022
Brigham Young University, University of Chicago, University of Chicago, Becker Friedman Institute and M.A. Program in Computational Social Science, Stanford University - The Hoover Institution on War, Revolution and Peace and Government of the United States of America - Congressional Budget Office (CBO)Brigham Young University - Department of Economics
Downloads 27 (648,640)

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32.

Finite Lifetimes, Borrowing Constraints, and Short-Run Fiscal Policy

NBER Working Paper No. w2158
Number of pages: 29 Posted: 15 Jan 2007 Last Revised: 27 May 2022
R. Glenn Hubbard and Kenneth L. Judd
Columbia University - Columbia Business School, Finance and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 26 (655,658)
Citation 1

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33.

One-Node Quadrature Beats Monte Carlo: A Generalized Stochastic Simulation Algorithm

NBER Working Paper No. w16708
Number of pages: 24 Posted: 19 Jan 2011 Last Revised: 26 Feb 2022
Kenneth L. Judd, Lilia Maliar and Serguei Maliar
Stanford University - The Hoover Institution on War, Revolution and Peace, CUNY The Graduate Center - Department of Economics and Universidad de Alicante - Departamento de Fundamentos del Analisis Economico
Downloads 22 (685,397)

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34.

A Cluster-Grid Projection Method: Solving Problems with High Dimensionality

NBER Working Paper No. w15965
Number of pages: 51 Posted: 10 May 2010 Last Revised: 14 Feb 2022
Kenneth L. Judd, Lilia Maliar and Serguei Maliar
Stanford University - The Hoover Institution on War, Revolution and Peace, CUNY The Graduate Center - Department of Economics and Universidad de Alicante - Departamento de Fundamentos del Analisis Economico
Downloads 18 (716,816)

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35.

Numerically Stable Stochastic Simulation Approaches for Solving Dynamic Economic Models

NBER Working Paper No. w15296
Number of pages: 53 Posted: 31 Aug 2009 Last Revised: 18 Apr 2022
Kenneth L. Judd, Lilia Maliar and Serguei Maliar
Stanford University - The Hoover Institution on War, Revolution and Peace, CUNY The Graduate Center - Department of Economics and Universidad de Alicante - Departamento de Fundamentos del Analisis Economico
Downloads 18 (716,816)
Citation 18

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36.

Solving the Multi-Country Real Business Cycle Model Using Ergodic Set Methods

NBER Working Paper No. w16304
Number of pages: 50 Posted: 30 Aug 2010 Last Revised: 21 Jul 2022
Serguei Maliar, Lilia Maliar and Kenneth L. Judd
Universidad de Alicante - Departamento de Fundamentos del Analisis Economico, CUNY The Graduate Center - Department of Economics and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 16 (733,495)
Citation 5

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37.

A Nonlinear Certainty Equivalent Approximation Method for Dynamic Stochastic Problems

NBER Working Paper No. w21590
Number of pages: 63 Posted: 28 Sep 2015 Last Revised: 30 Jun 2022
Yongyang Cai, Kenneth L. Judd and Jevgenijs Steinbuks
Ohio State University (OSU), Stanford University - The Hoover Institution on War, Revolution and Peace and World Bank - Development Research Group (DECRG)
Downloads 14 (751,097)
Citation 2

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38.

Climate Policy Under Cooperation and Competition between Regions with Spatial Heat Transport

NBER Working Paper No. w24473
Number of pages: 60 Posted: 02 Apr 2018 Last Revised: 16 May 2021
Ohio State University (OSU), University of Wisconsin, Madison - Department of Economics, Athens University of Economics and Business and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 12 (769,516)

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39.

Dynamic Programming with Hermite Approximation

NBER Working Paper No. w18540
Number of pages: 31 Posted: 20 Nov 2012 Last Revised: 28 Feb 2021
Yongyang Cai and Kenneth L. Judd
Ohio State University (OSU) and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 10 (788,435)
Citation 2

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40.

Merging Simulation and Projection Approaches to Solve High-Dimensional Problems

NBER Working Paper No. w18501
Number of pages: 75 Posted: 03 Nov 2012 Last Revised: 22 Jul 2022
Kenneth L. Judd, Lilia Maliar and Serguei Maliar
Stanford University - The Hoover Institution on War, Revolution and Peace, CUNY The Graduate Center - Department of Economics and Universidad de Alicante - Departamento de Fundamentos del Analisis Economico
Downloads 7 (818,343)

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41.

A Simple But Powerful Simulated Certainty Equivalent Approximation Method for Dynamic Stochastic Problems

NBER Working Paper No. w28502
Number of pages: 45 Posted: 01 Mar 2021 Last Revised: 19 May 2022
Yongyang Cai and Kenneth L. Judd
Ohio State University (OSU) and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 3 (861,533)
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42.

Optimal Rules for Patent Races

International Economic Review, Vol. 53, Issue 1, pp. 23-52, 2012
Number of pages: 30 Posted: 24 Feb 2012
Kenneth L. Judd, Karl Schmedders and ┼×evin Yeltekin
Stanford University - The Hoover Institution on War, Revolution and Peace, IMD Lausanne and affiliation not provided to SSRN
Downloads 2 (874,405)
Citation 1

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43.

Asset Trading Volume with Dynamically Complete Markets and Heterogeneous Agents

Posted: 18 Oct 2003
Kenneth L. Judd, Felix Kubler and Karl Schmedders
Stanford University - The Hoover Institution on War, Revolution and Peace, University of Zurich and IMD Lausanne

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