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John Rust received his Ph.D. in economics from MIT in 1983. He taught at
the University of Wisconsin and Yale University before joining the
Maryland faculty in 2001. His major research interests are numerical
dynamic programming and retirement behavior. He has written papers on a
broad range of topics including investment, Social Security and
Medicare, the nuclear power industry, and auctions. Dr. Rust has been a
Fellow of the Econometric Society since 1993. His publications include
"Stationary Equilibrium in a Market for Durable Assets" (1985), "Optimal
Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher"
(1987), "Using Randomization to Break the Curse of Dimensionality"
(1997), and "How Social Security and Medicare Affect Retirement Behavior
in a World with Incomplete Markets" (with Chris Phelan, 1997). All of
these articles have appeared in the journal Econometrica.
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