James Bushnell, Research Director


(510) 642-7316


(510) 643-5180


University of California Energy Institute
2547 Channing Way
Berkeley, CA 94720-5180




Curriculum Vitae (in PDF format, Acrobat Reader required)







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

1998-present Research Director, University of California Energy Institute

1993-1998 Research Associate, University of California Energy Institute

2001-Present Co-Director, Center for the Study of Electricity Markets

1999-Present 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.

1990-1992 California Public Utilities Commission.

1988-1989 Madison Gas and Electric Company.

Journal Publications

  1. 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.
  2. James Bushnell, "Implementation of California AB 32 and its Impact on Electricity Markets." Climate Policy. Vol. 8, pp. 277-292. 2008.
  3. 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.
  4. James Bushnell, "Oligopoly Equilibria in Electricity Contract Markets," Journal of Regulatory Economics. Vol. 32: 225-245. 2008.
  5. 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.
  6. James Bushnell. "Electricity Resource Adequacy: Matching Policies and Goals," The Electricity Journal. September, 2005.
  7. 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.
  8. James Bushnell. "California's Electricity Crisis: a market apart?" Energy Policy, Vol. 32: 1045-1052. 2004.
  9. 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.
  10. 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.
  11. Severin Borenstein and James B. Bushnell. "Electricity Restructuring: Deregulation or Reregulation?"  Regulation, Vol. 23, No. 2, Summer 2000.
  12. 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.
  13. James Bushnell. "Transmission Rights and Market Power." The Electricity Journal October, 1999.
  14. 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.
  15. Severin Borenstein, James Bushnell, and Christopher Knittel. "Market Power in Electricity Markets, Beyond Concentration Measures." The Energy Journal, Vol. 20, No. 4, October, 1999.
  16. James Bushnell and Shmuel Oren. "Transmission Pricing in California's Proposed Electricity Market." Utilities Policy, Vol. 16, No. 3, September, 1997.
  17. James Bushnell and Steven Stoft. "Improving Private Incentives for Electric Grid Investment." Resource & Energy Economics. Vol. 19, No. 1-2, March, 1997.
  18. Severin Borenstein, James Bushnell, Edward Kahn, and Steven Stoft. "Market Power in California Electricity Markets." Utilities Policy, Vol 5, No. 3-4, October, 1996
  19. James Bushnell and Steven Stoft. "Electric Grid Investment: Can a Market do the Job?." Electricity Journal. Vol. 9, No. 1, January, 1996.
  20. James Bushnell and Steven Stoft. "Electric Grid Investment Under a Contract Network Regime." Journal of Regulatory Economics, Vol. 10, No.1, July, 1996.
  21. James Bushnell and Shmuel Oren. "Internal Auctions for the Efficient Sourcing of Intermediate Products." Journal of Operations Management. Vol. 12:311-320. 1995.
  22. 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.
  23. James Bushnell and Shmuel Oren. "Incentive Effects of Environmental Adders in Electric Power Auctions." The Energy Journal, Vol. 15, No. 3, September, 1994
  24. James Bushnell and Shmuel Oren. "Bidder Cost Revelation in Electric Power Auctions." Journal of Regulatory Economics, Vol. 6, No. 1, February, 1994.

Book Chapters

"Electricity Markets," New Palgrave Dictionary of Economics. Forthcoming.

"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 and Catherine Wolfram, "The Guy at the Controls: Labor Quality and Power Plant Efficiency." NBER working paper 13215. July 2007.
  2. James Bushnell, Carla Peterman, Catherine Wolfram, "California's Greenhouse Gas Policies: Local Solutions to a Global Problem?" CSEM-166. University of California Energy Institute. April 2007.
  3. James B Bushnell and Jun Ishii. "A Dynamic Model of Investment in a Restructured Electricity Industry." CSEM-164. University of California Energy Institute. January, 2007.
  4. James B. Bushnell and Catherine Wolfram, "The Economic Effects of Vintage Differentiated Regulations: The Case of New Source Review" Report CSEM-157, University of California Energy Institute, July 2006.
  5. James B. Bushnell and Catherine Wolfram, "Ownership Change, Incentives and Plant Efficiency: The Divestiture of U.S. Electric Generation Plants." CSEM-140. University of California Energy Institute, March 2005
  6. James Bushnell, Severin Borenstein, and Matt Lewis. Market Power in California's Gasoline Market. CSEM-132, May 2004.
  7. James Bushnell and Celeste Saravia. An Empirical Assessment of the Competitiveness of the New England Electricity Market. CSEM-101, January 2002.

Other Affiliations

  1. International Association of Energy Economists
  2. Institute for Operations Research and Management Science

Jim Bushnell / bushnell@haas.berkeley.edu / October 2008