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

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

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

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

42

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245

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303

Scholarly Papers (42)

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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 1,898 (17,329)
Citation 51

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structural estimation, constrained optimization, dynamic discrete choice models

2.

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 827 (58,304)
Citation 26

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

3.

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

Downloads 777 (63,364)
Citation 14

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 710 (70,192)
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 67 (655,948)

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Uninsurable risk, portfolio choice, perturbation methods

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
Downloads 602 (87,691)
Citation 1

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

5.

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 586 (90,834)
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

6.

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 548 (98,841)
Citation 3

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heterogeneity, equilibrium, demand, supply, prices.

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 282 (209,403)
Citation 8

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

8.

Avoiding the Curse of Dimensionality in Dynamic Stochastic Games

Downloads 204 (286,565)
Citation 23

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 180 (320,424)

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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: 03 May 2023
Ulrich Doraszelski and Kenneth L. Judd
Harvard University - Department of Economics and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 24 (975,253)
Citation 5

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9.

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 202 (289,213)

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10.

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
Downloads 192 (302,811)
Citation 2

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

11.

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, Stanford University - The Hoover Institution on War, Revolution and Peace and University of Zurich
Downloads 152 (370,924)
Citation 3

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12.

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
Alena Miftakhova, Kenneth L. Judd, Thomas S. Lontzek and Karl Schmedders
CER-ETH - Center of Economic Research at ETH Zurich, Stanford University - The Hoover Institution on War, Revolution and Peace, University of Zurich and IMD
Downloads 147 (381,206)

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Climate Change, Greenhouse Gas, Single Equation Models

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 and Tepper School of Business, Carnegie Mellon University
Downloads 138 (400,703)

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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 136 (405,177)
Citation 3

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Numerical dynamic programming, value function iteration, Hermite interpolation

15.

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

Downloads 131 (417,337)
Citation 57

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 2023
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 77 (606,443)
Citation 16

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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 54 (730,194)
Citation 2

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

16.

Continuous-Time Methods for Integrated Assessment Models

Downloads 104 (495,712)

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 72 (630,550)
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: 08 Mar 2023
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 32 (897,105)

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17.

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
Yongyang Cai, Jevgenijs Steinbuks, Kenneth L. Judd, Jonas Jaegermeyr and Thomas W. Hertel
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 91 (541,608)
Citation 1

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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
Bryan Bollinger, Ulrich Doraszelski, Kenneth L. Judd and Ryan C. McDevitt
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 87 (556,780)

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dynamic entry games

19.

Solving Large Scale Rational Expectations Models

NBER Working Paper No. t0207
Number of pages: 43 Posted: 10 Jul 2000 Last Revised: 26 Jan 2023
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 86 (560,877)
Citation 1

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20.

Numerical Solution of Dynamic Portfolio Optimization with Transaction Costs

NBER Working Paper No. w18709
Number of pages: 32 Posted: 18 Jan 2013 Last Revised: 13 Feb 2023
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 84 (568,775)
Citation 1

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21.

Computational Economics and Economic Theory: Substitutes or Complements

NBER Working Paper No. t0208
Number of pages: 50 Posted: 01 Aug 2000 Last Revised: 27 Jan 2023
Kenneth L. Judd
Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 79 (589,574)

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22.

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 67 (644,957)

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

23.

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: 04 Feb 2023
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 63 (665,300)
Citation 13

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24.

The Optimal Tax Rate for Capital Income is Negative

NBER Working Paper No. w6004
Number of pages: 48 Posted: 18 Jun 2000 Last Revised: 29 Nov 2022
Kenneth L. Judd
Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 57 (697,524)
Citation 2

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25.

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 Oct 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 55 (709,013)
Citation 6

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26.

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 2023
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 53 (720,688)
Citation 4

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27.

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 51 (733,214)

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28.

A Big Data Approach to Optimal Sales Taxation

NBER Working Paper No. w20130
Number of pages: 44 Posted: 19 May 2014 Last Revised: 03 Jul 2023
Christian Baker, Jeremiah Bejarano, Richard W. Evans, Kenneth L. Judd, Kerk Phillips and Kerk Phillips
affiliation not provided to SSRN, Office of Financial Research, U.S. Department of the Treasury, 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 50 (739,425)

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29.

Nonlinear Programming Method for Dynamic Programming

NBER Working Paper No. w19034
Number of pages: 21 Posted: 11 May 2013 Last Revised: 06 Jul 2023
Yongyang Cai, Kenneth L. Judd, Thomas S. Lontzek, Valentina Michelangeli and Che-Lin Su
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 49 (745,725)

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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: 25 Sep 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 46 (765,306)
Citation 3

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31.

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 2023
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 45 (772,143)
Citation 3

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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: 26 Nov 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 40 (807,823)
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 2023
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 35 (846,798)

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34.

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: 15 May 2023
Yongyang Cai, William A. Brock, Anastasios Xepapadeas and Kenneth L. Judd
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 34 (855,245)

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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: 19 Apr 2023
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 31 (880,749)
Citation 29

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36.

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 2023
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 30 (889,530)
Citation 2

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37.

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 2023
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 30 (889,530)
Citation 6

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38.

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: 15 Feb 2023
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 29 (898,490)

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39.

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 2023
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 23 (955,914)

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40.

Dynamic Programming with Hermite Approximation

NBER Working Paper No. w18540
Number of pages: 31 Posted: 20 Nov 2012 Last Revised: 27 Feb 2023
Yongyang Cai and Kenneth L. Judd
Ohio State University (OSU) and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 22 (966,181)
Citation 2

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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 2023
Yongyang Cai and Kenneth L. Judd
Ohio State University (OSU) and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 10 (1,096,041)
Citation 4

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42.

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

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