James Bushnell, Research Director
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
Organization and Regulation
Theoretic Optimization Models
1998-present Research Director, University of California Energy
1993-1998 Research Associate, University of California Energy
2001-Present Co-Director, Center for the Study of
1999-Present Lecturer, Haas
School of Business
Other Professional Activities
2007-Present Research Fellow, National Bureau of Economic
2006-Present Associate Editor, Operations Research.
2002-Present Member, Market Surveillance Committee, California ISO.
1999-2000 Member, Market Monitoring Committee, California
1996-2000 Associate Editor, Utilities
1990-1992 California Public
1988-1989 Madison Gas and Electric Company.
Bushnell, Carla Peterman and
Catherine Wolfram. " Local Solutions
to Global Problems: Climate Change Policy Choice and Regulatory
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.
Bushnell, Erin Mansur, and Celeste Saravia. "Vertical
Arrangements, Market Structure and Competition: An analysis of
Restructured U.S. Electricity Markets." American Economic
98, No. 1. March 2008.
Equilibria in Electricity Contract Markets," Journal of
Regulatory Economics. Vol. 32: 225-245. 2008.
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.
Bushnell. "Electricity Resource Adequacy: Matching Policies and
Goals," The Electricity Journal. September, 2005.
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.
Electricity Crisis: a market apart?" Energy Policy, Vol. 32: 1045-1052. 2004.
Bushnell. ''A Mixed Complementarity Model of Hydro-Thermal Electricity
Competition in the Western U.S.'' Operations Research. Vol. 51, No. 1: 81-93.
Borenstein, James Bushnell, and Frank Wolak. "Measuring
Market Inefficiencies in California's Wholesale Electricity
Industry." American Economic Review. Vol. 92, No. 5: 1376-1405,
Borenstein and James B. Bushnell. "Electricity
Restructuring: Deregulation or Reregulation?" Regulation, Vol. 23, No. 2, Summer
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.
Rights and Market Power." The Electricity Journal October, 1999.
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,
Borenstein, James Bushnell, and Christopher Knittel. "Market
Power in Electricity Markets, Beyond Concentration Measures." The
Vol. 20, No. 4, October, 1999.
Bushnell and Shmuel Oren. "Transmission
Pricing in California's Proposed Electricity Market." Utilities
16, No. 3, September, 1997.
Bushnell and Steven Stoft. "Improving
Private Incentives for Electric Grid Investment." Resource
& Energy Economics. Vol. 19, No. 1-2, March, 1997.
Borenstein, James Bushnell, Edward Kahn, and Steven Stoft. "Market
Power in California Electricity Markets." Utilities Policy, Vol 5, No. 3-4, October,
Bushnell and Steven Stoft. "Electric
Grid Investment: Can a Market do the Job?." Electricity
9, No. 1, January, 1996.
Bushnell and Steven Stoft. "Electric Grid Investment Under a Contract
Network Regime." Journal of Regulatory Economics, Vol. 10, No.1, July, 1996.
Bushnell and Shmuel Oren. "Internal
Auctions for the Efficient Sourcing of Intermediate Products." Journal
of Operations Management. Vol. 12:311-320. 1995.
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.
Bushnell and Shmuel Oren. "Incentive Effects of Environmental Adders
in Electric Power Auctions." The Energy Journal, Vol. 15, No. 3, September,
Bushnell and Shmuel Oren. "Bidder Cost Revelation in Electric Power
Auctions." Journal of Regulatory Economics, Vol. 6, No. 1, February,
"Electricity Markets," New Palgrave
Dictionary of Economics. Forthcoming.
Trouble: Competition Policy in the
Electricity Industry." Chapter 6 in Electricity Restructuring: Choices and
Challenges. S. Puller and J. Griffen, Eds. University of Chicago Press.
Current Working Papers
Bushnell and Catherine Wolfram, "The Guy at the Controls: Labor
Quality and Power Plant Efficiency." NBER working paper 13215.
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.
B Bushnell and Jun Ishii. "A Dynamic Model of Investment in a
Restructured Electricity Industry." CSEM-164.
University of California Energy Institute. January, 2007.
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.
B. Bushnell and Catherine Wolfram, "Ownership Change, Incentives and
Plant Efficiency: The Divestiture of
Electric Generation Plants." CSEM-140.
University of California Energy Institute, March 2005
Bushnell, Severin Borenstein, and Matt Lewis. Market Power in California's
Gasoline Market. CSEM-132,
Bushnell and Celeste Saravia. An Empirical Assessment of the
Competitiveness of the New England Electricity Market. CSEM-101,
Association of Energy Economists
for Operations Research and Management Science
Jim Bushnell / email@example.com /