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

39

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295

Scholarly Papers (39)

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 1,834 (8,293)
Citation 21

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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 638 (39,568)
Citation 4

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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 37 (444,043)

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Uninsurable risk, portfolio choice, perturbation methods

3.

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 University of Zurich
Downloads 519 (52,510)
Citation 1

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

4.

A Partial Equilibrium Model of Option Markets

EFA 0138
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 496 (55,561)
Citation 3

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heterogeneity, equilibrium, demand, supply, prices.

5.

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 429 (66,495)
Citation 15

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

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 343 (86,458)
Citation 5

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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 190 (158,242)
Citation 3

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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

Harvard Institute of Economic Research Discussion Paper No. 2059
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 157 (187,375)

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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
Ulrich Doraszelski and Kenneth L. Judd
Harvard University - Department of Economics and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 11 (596,533)

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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 University of Zurich
Downloads 154 (190,162)
Citation 2

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

10.

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
University of Zurich - Department of Business Administration, Stanford University - The Hoover Institution on War, Revolution and Peace, University of Zurich and University of Zurich
Downloads 119 (233,216)

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Climate Change, Greenhouse Gas, Single Equation Models

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
University of Zurich, Stanford University - The Hoover Institution on War, Revolution and Peace and University of Zurich
Downloads 117 (236,147)
Citation 2

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12.

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, University of Zurich and Tepper School of Business, Carnegie Mellon University
Downloads 112 (243,646)

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

13.

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 91 (280,216)
Citation 3

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Numerical dynamic programming, value function iteration, Hermite interpolation

14.

Solving Large Scale Rational Expectations Models

NBER Working Paper No. t0207
Number of pages: 43 Posted: 10 Jul 2000 Last Revised: 28 Jul 2010
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 55 (370,031)

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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 44 (414,967)
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
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 8 (617,254)

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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 2010
Kenneth L. Judd
Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 51 (382,868)
Citation 6

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17.

How to Solve Dynamic Stochastic Models Computing Expectations Just Once

NBER Working Paper No. w17418
Number of pages: 28 Posted: 06 Oct 2011
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 Stanford University - Department of Economics
Downloads 44 (407,108)

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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, Stanford University - Department of Economics and Universidad de Alicante
Downloads 25 (505,435)

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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
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, Stanford University - Department of Economics and Universidad de Alicante
Downloads 10 (603,411)
Citation 5

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19.

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: 08 Mar 2010
R. Glenn Hubbard and Kenneth L. Judd
Columbia Business School - Finance and Economics and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 31 (460,143)
Citation 2

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20.

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 Stanford University - Department of Economics
Downloads 29 (469,674)

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

21.

The Optimal Tax Rate for Capital Income is Negative

NBER Working Paper No. w6004
Number of pages: 48 Posted: 18 Jun 2000
Kenneth L. Judd
Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 29 (469,674)
Citation 1

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22.

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
Cornell Tech and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 28 (474,673)

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23.

Asymptotic Methods for Asset Market Equilibrium Analysis

NBER Working Paper No. w8135
Number of pages: 48 Posted: 26 Feb 2001 Last Revised: 21 Oct 2010
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 26 (485,146)
Citation 1

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24.

A Big Data Approach to Optimal Sales Taxation

NBER Working Paper No. w20130
Number of pages: 44 Posted: 19 May 2014
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 Brigham Young University - Department of Economics
Downloads 22 (507,490)

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25.

Nonlinear Programming Method for Dynamic Programming

NBER Working Paper No. w19034
Number of pages: 21 Posted: 11 May 2013
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 20 (519,084)

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26.

The Social Cost of Stochastic and Irreversible Climate Change

NBER Working Paper No. w18704
Number of pages: 39 Posted: 18 Jan 2013
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 20 (519,084)

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27.

Numerical Solution of Dynamic Portfolio Optimization with Transaction Costs

NBER Working Paper No. w18709
Number of pages: 32 Posted: 18 Jan 2013
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 20 (519,084)
Citation 1

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28.

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

NBER Working Paper No. w16708
Number of pages: 24 Posted: 19 Jan 2011
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 Stanford University - Department of Economics
Downloads 17 (536,611)

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29.

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: 17 Aug 2010
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 Stanford University - Department of Economics
Downloads 15 (548,258)

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30.

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: 05 Oct 2009
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 Stanford University - Department of Economics
Downloads 14 (554,324)
Citation 2

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31.

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

NBER Working Paper No. w2158
Number of pages: 29 Posted: 15 Jan 2007
R. Glenn Hubbard and Kenneth L. Judd
Columbia Business School - Finance and Economics and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 13 (560,236)
Citation 1

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32.

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: 03 Jul 2018
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 10 (578,979)
Citation 1

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33.

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
Serguei Maliar, Lilia Maliar and Kenneth L. Judd
Stanford University - Department of Economics, CUNY The Graduate Center - Department of Economics and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 10 (578,979)

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34.

Solving Dynamic Programming Problems on a Computational Grid

NBER Working Paper No. w18714
Number of pages: 26 Posted: 18 Jan 2013
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 9 (585,291)

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35.

Dynamic Programming with Hermite Approximation

NBER Working Paper No. w18540
Number of pages: 31 Posted: 20 Nov 2012
Yongyang Cai and Kenneth L. Judd
Ohio State University (OSU) and Stanford University - The Hoover Institution on War, Revolution and Peace
Downloads 6 (604,631)
Citation 1

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36.

Merging Simulation and Projection Approaches to Solve High-Dimensional Problems

NBER Working Paper No. w18501
Number of pages: 75 Posted: 03 Nov 2012
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 Stanford University - Department of Economics
Downloads 2 (636,063)

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37.

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, University of Zurich and affiliation not provided to SSRN
Downloads 2 (636,063)
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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: 54 Posted: 02 Apr 2018
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 1 (648,637)
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39.

Asset Trading Volume with Dynamically Complete Markets and Heterogeneous Agents

Journal of Finance, Vol. 58, pp. 2203-2218, October 2003
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 University of Zurich

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