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Hoover Senior Fellow Kenneth L. Judd Elected to the American Academy of Arts and Sciences.


News Editors/Education Writers

STANFORD, Calif.--(BUSINESS WIRE)--May 13, 2003

Hoover senior fellow Kenneth L. Judd was elected to the American Academy of Arts and Sciences on May 5 for his outstanding contributions in the field of economics.

Judd, the Paul H. Bauer Senior Fellow at the Hoover Institution The Hoover Institution on War, Revolution and Peace is a public policy think tank and library founded by Herbert Hoover at Stanford University, his alma mater. The Institution was founded in 1919 and over time has amassed a huge archive of documentation related to President , is an expert in the economics of taxation, imperfect competition In economic theory, imperfect competition, is the competitive situation in any market where the conditions necessary for perfect competition are not satisfied.

Forms of imperfect competition include:
  • Monopoly, in which there is only one seller of a good.
, and mathematical economics Mathematical economics refers to the application of mathematical methods to represent economic theory or analyze problems posed in economics. Expositors maintain that it allows formulation and derivation of key relationships in the theory with clarity, generality, rigor, and . His current research focuses on tax policy and antitrust issues, as well as developing computational methods for economic modeling.

The Academy of Arts and Sciences honors distinguished scientists, scholars, and leaders in public affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. , business, administration, and the arts. It was founded during the American Revolution American Revolution, 1775–83, struggle by which the Thirteen Colonies on the Atlantic seaboard of North America won independence from Great Britain and became the United States. It is also called the American War of Independence.  by John Adams, James Bowdoin, John Hancock, and other leaders who contributed prominently to the establishment of the new nation, its government, and its Constitution.

As expressed in its charter of 1780, the academy's purpose is "to cultivate every art and science which may tend to advance the interest, honor, dignity, and happiness of a free, independent, and virtuous people."

The academy has counted among its members the finest minds of each generation, including George Washington and Benjamin Franklin in the eighteenth century; Thomas Jefferson, Ralph Waldo Emerson, and Alexander Graham Bell in the nineteenth; and Albert Einstein, Woodrow Wilson, Charles Steinmetz, and Samuel Eliot Morison Samuel Eliot Morison, Rear Admiral, Reserve (July 9, 1887 – May 15, 1976) was an American historian, noted for producing works of maritime history that were both authoritative and highly readable.  in the twentieth.

In electing Judd, the academy noted that "his book on computational economics defines a new field that makes dynamic economic theory operational. He also helped develop the application of dynamic models in public finance as well as wrote some early and influential papers on patents, price dispersion, and entry deterrence."

Judd is the author of Numerical Methods in Economics (MIT MIT - Massachusetts Institute of Technology  Press, 1998) and has contributed chapters to collected volumes including "The Impact of Tax Reform in Modern Dynamic Economies" in Transition Costs of Fundamental Tax Reform (Washington, D.C.: AEI AEI American Enterprise Institute
AEI Archive of European Integration
AEI Australian Education International
AEI Automotive Engineering International
AEI Australian Education Index
AEI Albert Einstein Institute
 Press, 2001). His articles have been published in many journals including Econometrica, Journal of Political Economy, and Journal of Economic Theory.

Judd is a co-editor of the Journal of Economic Dynamics and Control and an associate editor of Computational Economics. He was coeditor of the RAND Journal of Economics from 1988 to 1995 and associate editor of the Journal of Public Economics from 1988 to 1997 and the Journal of Economic Dynamics and Control from 1997 to 2001.

A fellow of the Econometric Society, Judd served as a member of the Economics Panel of the National Science Foundation from 1986 to 1988. Before joining the Hoover Institution as a senior fellow in 1988, Judd was a visiting professor of business economics at the University of Chicago and a national fellow at the Hoover Institution from 1986 to 1987.

The Hoover Institution, founded at Stanford University in 1919 by Herbert Hoover, who went on to become the 31st president of the United States The head of the Executive Branch, one of the three branches of the federal government.

The U.S. Constitution sets relatively strict requirements about who may serve as president and for how long.
, is an interdisciplinary research center for advanced study on domestic public policy and international affairs, with an internationally renowned archives.
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Publication:Business Wire
Date:May 13, 2003
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