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Working papers in Adobe Acrobat PDF format

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NOTE: The POWER Working Paper Series has been discontinued. New working papers distributed through UCEI are now part of the Center for the Study of Energy Markets (CSEM) Working Paper Series

PWP-092 Timothy E. Lipman, Jennifer L. Edwards and Daniel M. Kammen. "Economic Implications of Net Metering for Stationary and Motor Vehicle Fuel Cell Systems in California" (February 2002) (689 KB)
PWP-091 Rajnish Kamat and Shmuel S. Oren. "Two-Settlement Systems for Electricity Markets: Zonal Aggregation Under Network Uncertainty and Market Power" (February 2002) (427 KB)
PWP-090 Christopher J. Day, Benjamin F. Hobbs, and Jong-Shi Pang. "Oligopolistic Competition in Power Networks: A Conjectured Supply Function Approach" (February 2002) (219 KB)
PWP-089 Ross Baldick and William Hogan. "Capacity Constrained Supply Function Equilibrium Models of Electricity Markets: Stability, Non-decreasing constraints, and Function Space Iterations" (December 2001, Revised August 2002) (752 KB)
PWP-088 Erin T. Mansur. "Environmental Regulation in Oligopoly Markets: A Study of Electricity Restructuring" (November 2001) (940 KB)
PWP-087 Christopher R. Knittel and Michael R. Roberts. "An Empirical Examination of Deregulated Electricity Prices" (October 2001) (705 KB)
PWP-086 Severin Borenstein, James Bushenell, Christopher R. Knittel, and Catherine Wolfram. "Trading Inefficiencies in California's Electricity Markets" (October 2001) (366 KB)
PWP-085 Fisher, Jolanka V. and Timothy P. Duane. "Trends in Electricity Consumption, Peak Demand, and Generating Capacity in California and the Western Grid 1977-2000" (September 2001) (1,839 KB)
PWP-084 Hastings, Justine and Richard Gilbert. "Vertical Integration in Gasoline Supply: An Empirical Test of Raising Rivals' Costs" (July 2001, Revised March 2002) (1,652 KB)
PWP-083 Mansur, Erin T. "Pricing Behavior in the Initial Summer of the Restructured PJM Wholesale Electricity Market" (April 2001) (496 KB)
PWP-082r Bushnell, James B. and Erin T. Mansur. "The Impact of Retail Rate Deregulation on Electricity Consumption in San Diego" (April 2001) (433 KB)
PWP-081 Borenstein, Severin. "The Trouble With Electricity Markets and California's Electricity Restructuring Disaster" (September 2001) (413 KB)
PWP-080 Puller, Steven L. "Pricing and Firm Conduct in California's Deregulated Electricity Market" (July 2001) (756 KB)
PWP-079 Stoft, Steven. "Soft Price Caps and Underscheduling Penalties: How Would the FERC Plan Affect California Electricity Markets?" (November 2000) (71 KB)
PWP-078 Baldick, Ross, Ryan Grant, and Edward Kahn. "Linear Supply Function Equilibrium: Generalizations, Application, and Limitations" (August 2000) (159 KB)
PWP-077 Stoft, Steven. "PJM’s Capacity Market in a Price-Spike World" (May 2000) (54 KB)
PWP-076 Oren, Shmuel S. and Andrew M. Ross. "Economic Congestion Relief Across Multiple Regions Requires Tradable Physical Flow-gate Rights" (May 2000) (220 KB)
PWP-075 Hastings, Justine. "Vertical Relationships and Competition in Retail Gasoline Markets: Empirical Evidence from Contract Changes in Southern California" (November 2000, Revised April 2002) (2,314 KB)
PWP-074 Borenstein, Severin and James B. Bushnell. "Electricity Restructuring: Deregulation or Reregulation?" (February 2000) (46 KB)
PWP-073 Deng, Shijie. "Stochastic Models of Energy Commodity Prices and Their Applications: Mean-reversion with Jumps and Spikes" (February 2000) (448 KB)
PWP-072 Deng, Shijie and Shmuel S. Oren. "Priority Network Access Pricing for Electric Power" (February 2000) (333 KB)
PWP-071 Rajnish Kamat and Shmuel S. Oren "Exotic Options for Interruptible Electricity Supply Contracts" (February 2000) (153 KB)
PWP-070 Bushnell, James B. and Frank A. Wolak. "Regulation and the Leverage of Local Market Power in the California Electricity Market" (September 1999) (719 KB)
PWP-069 Wolfram, Catherine D. "Electricity Markets: Should the Rest of the World Adopt the UK Reforms?" (September 1999) (56 KB)
PWP-068 Knittel, Christopher R. "Does Incentive Regulation Provide the Correct Incentives?: Stochastic Frontier Evidence from the US Electricity Industry" (September 1999) (1339 KB)
PWP-067 Borenstein, Severin. "Understanding Competitive Pricing and Market Power in Wholesale Electricity Markets" (August 1999) (127 KB)
PWP-066 Blumstein, Carl. "Pricing Electricity for Default Customers: Pass Through or Performance-Based Rates?" (August 1999) (36 KB)
PWP-065 Knittel, Christopher R. "Regulatory Imperfections in the Electricity and Natural Gas Industries: Evidence from the Pricing and Investment Decisions of Single and Multi-Product Electricity Firms" (July 1999) (284 KB)
PWP-064 Borenstein, Severin, James Bushnell, and Frank Wolak. "Diagnosing Market Power in California's Deregulated Wholesale Electricity Market" (Revised, August 2000) (822 KB)
PWP-063 Johnsen, Tor Arnt, Shashi Kant Verma, and Catherine Wolfram. "Zonal Pricing and Demand-Side Bidding in the Norwegian Electricity Market" (June 1999) (303 KB)
PWP-062 Bushnell, James. "Transmission Rights and Market Power" (November 1998) (42 KB)
PWP-061 McGuire, Bart. "Power-Grid Decentralization" (March 1999) (848 KB zipped)
PWP-060 Green, Richard. "England and Wales - A Competitive Electricity Market?" (September 1998) (229 KB)
PWP-059r Borenstein, Severin, James Bushnell, and Christopher R. Knittel, "Market Power in Electricity Markets: Beyond Concentration Measures" (Revised, Jan. 1999) (83 KB)
PWP-058 Green, Richard. "Electricity Transmission Pricing: How much does it cost to get it wrong?" (May 1998) (85 KB)
PWP-057 Green, Richard and Tanga McDaniel. "Competition in Electricity Supply: will "1998" be worth it?" (April 1998) (89 KB)
PWP-056r Bushnell, James. "Water and Power: Hydroelectric Resources in the Era of Competition in the Western U.S." (Revised, July 1998) (311 KB)
PWP-055 Stoft, Steven. "Fewer Prices than Zones" (95 KB)
PWP-054 McGuire, B. "Power Auctions and Intertemporal Production Costs: Dealing with Unit Commitment" (October 97) (2422 KB)
PWP-053r Elmaghraby, W.J. "Multi-Unit Auctions with Complementarities: Issues of Efficiency in Electricity Auctions," (September 97, Revised April 98) (363 KB)
PWP-052 Bergara, M.E., Henisz, W.T., Spiller, P.T. "Political Institutions and Electric Utility Investment: A Cross-Nation Analysis." (September 97) (69 KB)
PWP-051 Wolak, F.A. "Market Design and Price Behavior in Restructured Electricity Markets: An International Comparison" (August 97) (738 KB)
PWP-050 McGuire, B. "Optimal Power Flow, Node Prices, and Transmission Toll in a Number of Instructive Examples." (June 97) (842 KB zipped)
PWP-049 Stoft, S. "How Financial Transmission Rights Curb Market Power" (June 97) (196 KB)
PWP-048 Knittel, C.R. "The Origins of State Electricity Regulation: Revisiting an Unsettle Topic" (November 99) (238 KB)
PWP-047 Wolak, F.A., Patrick, R.H. "The Impact of Market Rules and Market Structure on the Price Determination Process in the England and Wales Electricity Market" (April 97) (2022 KB)
PWP-045 McGuire, B. "Price Driven Coordination in a Lossy Power Grid" (February 97) (2008 KB)
PWP-044r Borenstein, S., Bushnell, J. "An Empirical Analysis of the Potential for Market Power in California's Electricity Industry" (Revised December 1998) (200 KB)
PWP-043 Bergara, M.E., Spiller, P.T. "The Introduction of Direct Access in New Zealand's Electricity Market" (November 96). (68 KB)
PWP-042 Stoft, S. E., "Analysis of the California WEPEX Applications to FERC" (October 96) (586 KB)
PWP-041 Oren, S.S.,.''Preemption of TCCs and Efficiency Loss from Centrally Dispatching Competitive Generators'' (September 96) (60 KB)
PWP-040r Borenstein, S., Bushnell, J., Stoft, S., "The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry" (Revised October 99) (488 KB)

Supplementary Materials

(72 KB)

PWP-039 Johnson, R. B., Oren, S.S., Svoboda, A.J. "Equity and Efficiency of Unit Commitment in Competitive Electricity Markets'' (June 96) (107 KB)
PWP-038 Kahn, E., Bailey, S., Pando, L., "Simulating Electricity Restructuring in California: Interactions with the Regional Market" (April 96) (134 KB)
PWP-037r Borenstein, S., Shepard, A.., "Sticky Prices, Inventories, and Market Power in Wholesale Gasoline Markets" (February 96, Revised August 2000) (507 KB)
PWP-036 Borenstein, S., Bushnell, J., Kahn, E.Stoft, S., "Market Power in California Electricity Markets" (December 95) (340 KB)
PWP-034 Bushnell, J., Stoft, S. "Electric Grid Investment Under a Contract Network Regime" (August 95) (259 KB)
PWP-033 White, M. "Dynamic Efficiency and the Regulated Firm: Evidence from Interfirm Trade in Electricity Markets" (September 95) (414 KB)
PWP-032 Kahn, E., "The Electricity Industry in Spain" (July 95) (59 KB)
PWP-031 Wu, F., Varaiya, P. "Coordinated Multilateral Trades for Electric Power Networks: Theory and Implementation" (Jun. 95) (206 KB)
PWP-030 Bushnell, J., Stoft, S. "Transmission and Generation Investment in a Competitive Electric Power Industry" (May 95) (296 KB)
PWP-028 Stoft, S. "The Economics of Conserved-Energy "Supply" Curves" (Apr. 95) (163 KB)
PWP-023 Oren, S., Spiller, P., Varaiya, P., Wu, F. "Folk Theorems on Transmission Access: Proofs and Counter Examples" (Oct. 94) (248 KB)
PWP-021 Bushnell, J.B., Blumstein, C. "A Reader's Guide to the Blue Book: Issues in California's Electric Industry Restructuring and Regulatory Reform" (Jun. 94) (51 KB)
PWP-020 Bushnell, J.B., Oren, S.S. "Incentive Effects of Environmental Adders in Electric Power Auctions" (Mar. 94) (283 KB)
PWP-019 Bushnell, J.B., Friedman, E. "Linearly Exchangable Permits for the Efficient Control of Multiple Pollutants" (Feb. 94) (244 KB)
PWP-010 Borenstein, S. "Price Incentives for Fuel Switching: Did Price Differences Slow the Phase-Out of Leaded Gasoline?" (Apr. 93) (254 KB)

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