John P. Rust | |
|---|---|
 John Rust at his house in 2011 | |
| Born | May 23, 1955 |
| Nationality | American |
| Alma mater | Massachusetts Institute of Technology, PhD (1983) |
| Known for | Structural estimation of dynamic discrete choice models |
| Awards | Frisch Medal (1992) |
| Scientific career | |
| Fields | Microeconomics, Econometrics |
| Institutions | Georgetown University, University of Maryland, Yale University, University of Wisconsin |
| Thesis | Stationary Equilibrium in a Market for Durable Assets |
| Doctoral advisor | Daniel McFadden |
| Website | Personal webpage |
John Philip Rust (born May 23, 1955) is an American economist and econometrician. John Rust received his PhD from MIT in 1983 and taught at the University of Wisconsin, Yale University and University of Maryland before joining Georgetown University in 2012. John Rust was awarded the Frisch Medal in 1992 and became a fellow of the Econometric Society in 1993.[1][2]
John Rust is best known as one of the founding fathers of the structural estimation of dynamic discrete choice models[3] and the developer of the nested fixed point (NFXP) maximum likelihood estimator which is widely used in structural econometrics.[4] However, he had published papers on broad range of topics including equilibrium in the markets of durable goods, social security, retirement, disability insurance, nuclear power industry, real estate economics, rental car industry, transportation research, auction markets, computational economics, dynamic games.[5]
- ^ "Fellows of Econometric Society". Retrieved 22 May 2015.
- ^ "Awards of Econometric Society". Retrieved 22 May 2015.
- ^
Aguirregabiria, Victor; Mira, Pedro (2010). "Dynamic discrete choice structural models: A survey" (PDF). Journal of Econometrics. 156 (1): 38–67. doi:10.1016/j.jeconom.2009.09.007.
Seminal papers include ... Rust(1987) on machine replacement.
- ^ "Citations of Rust(1994) on NFXP". Retrieved 22 May 2015.
- ^ "Online research papers by John Rust". Retrieved 22 May 2015.