James Bushnell, Associate Professor

Phone:	(530) 752-3129
Fax:	(530) 752-9832
Address:	Dept. of Economics University of California, Davis One Shields Ave. Davis, CA 95616
E-mail:	jbbushnell@ucdavis.edu
CV:	Curriculum Vitae (in PDF format, Acrobat Reader required)

Education

1993 Ph. D., Industrial Engineering and Operations Research, University of California, Berkeley.

1990 M.S., Operations Research, University of California, Berkeley.

1989 B.S., Industrial Engineering, University of Wisconsin - Madison

Research Interests

Academic Appointments

2011- Present Associate Professor, Department of Economics, UC Davis.

2009-2011 Associate Professor and Cargill Chair in Energy Economics, Dept. of Economics, Iowa State University.

1993-2009 Research Director, University of California Energy Institute, Co-Director, Center for the Study of Electricity Markets

1999-2009 Lecturer, Haas School of Business

Other Professional Activities

2007-Present Research Fellow, National Bureau of Economic Research.

2006-Present Associate Editor, Operations Research.

2002-Present Member, Market Surveillance Committee, California ISO.

1999-2000 Member, Market Monitoring Committee, California Power Exchange.

1996-2000 Associate Editor, Utilities Policy.

Journal Publications

James Bushnell, Howard Chong, and Erin Mansur. "Profiting from Regulation: An Event Study of the EU Carbon Market." American Economic Journal: Economic Policy. Forthcoming.
James Bushnell and Yishu Chen."Regulation, Allocation and Leakage in Cap-and-Trade Markets for CO2." Resources and Energy Economics. Forthcoming.
James B. Bushnell and Catherine Wolfram, "The Economic Effects of Vintage Differentiated Regulations: The Case of New Source Review" Journal of Environmental Economics and Management. Volume 64. Issue 1, September 2012.
James Bushnell and Erin Mansur. “Vertical Targeting and Leakage in Carbon Policy,” American Economic Review Papers and Proceedings, Volume 101, Issue 2, May. 2011.
Ben Hobbs, James Bushnell, and Frank Wolak. “Upstream vs. Downstream CO2 Trading: A Comparison for the Electricity Context,” Energy Policy. 38(7), pages 3632-3643, July. 2010
James Bushnell, Ben Hobbs, and Frank Wolak. “When it comes to Demand Response is FERC its own worst enemy?”, The Electricity Journal. November, 2009.
James Bushnell, Carla Peterman and Catherine Wolfram. " Local Solutions to Global Problems: Climate Change Policy Choice and Regulatory Jurisdiction." Review of Environmental Economics and Policy. Vol 2, pp. 175-193. 2008.
James Bushnell, "Implementation of California AB 32 and its Impact on Electricity Markets." Climate Policy. Vol. 8, pp. 277-292. 2008.
James Bushnell, Erin Mansur, and Celeste Saravia. "Vertical Arrangements, Market Structure and Competition: An analysis of Restructured U.S. Electricity Markets." American Economic Review. Vol. 98, No. 1. March 2008.
James Bushnell, "Oligopoly Equilibria in Electricity Contract Markets," Journal of Regulatory Economics. Vol. 32: 225-245. 2008.
Severin Borenstein, James Bushnell, Christopher R. Knittel, and Catherine Wolfram. "Inefficiencies and Market Power in Financial Arbitrage: A Study of California's Electricity Markets." Journal of Industrial Economics. Vol. 56, No. 2, June 2008.
James Bushnell. "Electricity Resource Adequacy: Matching Policies and Goals," The Electricity Journal. September, 2005.
James Bushnell and Erin Mansur. "Consumption under noisy price signals: a study of electricity retail rate deregulation in San Diego." Journal of Industrial Economics. Vol 53, No. 4: 493-513, 2005.
James Bushnell. "California's Electricity Crisis: a market apart?" Energy Policy, Vol. 32: 1045-1052. 2004.
James Bushnell. ''A Mixed Complementarity Model of Hydro-Thermal Electricity Competition in the Western U.S.'' Operations Research. Vol. 51, No. 1: 81-93. January/February 2003.
Severin Borenstein, James Bushnell, and Frank Wolak. "Measuring Market Inefficiencies in California's Wholesale Electricity Industry." American Economic Review. Vol. 92, No. 5: 1376-1405, Winter 2002.
Severin Borenstein and James B. Bushnell. "Electricity Restructuring: Deregulation or Reregulation?" Regulation, Vol. 23, No. 2, Summer 2000.
Severin Borenstein, James Bushnell, and Steven Stoft. "The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry." Rand Journal of Economics, Vol 31, No. 2, Summer 2000.
James Bushnell. "Transmission Rights and Market Power." The Electricity Journal October, 1999.
Severin Borenstein and James Bushnell. "An Empirical Analysis of the Potential for Market Power in California's Electricity Market." Journal of Industrial Economics, Vol 47, No. 3, September, 1999.
Severin Borenstein, James Bushnell, and Christopher Knittel. "Market Power in Electricity Markets, Beyond Concentration Measures." The Energy Journal, Vol. 20, No. 4, October, 1999.
James Bushnell and Shmuel Oren. "Transmission Pricing in California's Proposed Electricity Market." Utilities Policy, Vol. 16, No. 3, September, 1997.
James Bushnell and Steven Stoft. "Improving Private Incentives for Electric Grid Investment." Resource & Energy Economics. Vol. 19, No. 1-2, March, 1997.
Severin Borenstein, James Bushnell, Edward Kahn, and Steven Stoft. "Market Power in California Electricity Markets." Utilities Policy, Vol 5, No. 3-4, October, 1996
James Bushnell and Steven Stoft. "Electric Grid Investment: Can a Market do the Job?." Electricity Journal. Vol. 9, No. 1, January, 1996.
James Bushnell and Steven Stoft. "Electric Grid Investment Under a Contract Network Regime." Journal of Regulatory Economics, Vol. 10, No.1, July, 1996.
James Bushnell and Shmuel Oren. "Internal Auctions for the Efficient Sourcing of Intermediate Products." Journal of Operations Management. Vol. 12:311-320. 1995.
Carl Blumstein and James Bushnell. "A Guide to the Blue Book: Issues in California's Electric Industry restructuring and Regulatory Reform." The Electricity Journal, Vol. 7, No. 7, September, 1994.
James Bushnell and Shmuel Oren. "Incentive Effects of Environmental Adders in Electric Power Auctions." The Energy Journal, Vol. 15, No. 3, September, 1994
James Bushnell and Shmuel Oren. "Bidder Cost Revelation in Electric Power Auctions." Journal of Regulatory Economics, Vol. 6, No. 1, February, 1994.

Book Chapters

“The Economics of Carbon Offsets.” In The Design and Implementation of U.S. Climate Policy. Don Fullerton and Catherine Wolfram. Eds. University of Chicago Press. Forthcoming.

“Building Blocks: Investment in Renewable and Non-Renewable Resources.” In Harnessing Renewable Energy in Electric Power Systems. Boaz Moselle, Jorge Padilla, and Richard Schmalansee, Eds. Resources for the Future Press. Washington, DC. 2010.

“The Guy at the Controls: Labor Quality and Power Plant Efficiency.” In International Differences in the Business Practices and Productivity of Firms. Richard Freeman and Kathryn Shaw, Eds. University of Chicago Press. 2009. (with Catherine Wolfram)

"Electricity Markets," New Palgrave Dictionary of Economics and the Law. Steven N. Durlauf and Lawrence E. Blume, eds. Palgrave Macmillion. 2008. (with Catherine Wolfram)

"Looking for Trouble: Competition Policy in the U.S. Electricity Industry." Chapter 6 in Electricity Restructuring: Choices and Challenges. S. Puller and J. Griffen, Eds. University of Chicago Press.

Current Working Papers

1. James Bushnell, “Adverse Selection and Emissions Offsets.” WP-222, Energy Institute at Haas. University of California Energy Institute, September 2011.

2. James Bushnell, Howard Chong, and Ering Mansur. “Profiting from Regulation: An Event Study of the EU Carbon Market.” NBER Working Paper No. 15572. December, 2009.

3. James Bushnell and Yishu Chen. “Regulation, Allocation and Leakage in Cap-and-Trade Markets for CO2.” CSEM-183. University of California Energy Institute. March 2009.

Other Affiliations

Jim Bushnell / jbbushnell@ucdavis.edu / October 2011