James Bushnell, Research Director

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
- Industrial Organization and
Regulation
- Environmental Economics
- Energy Policy
- Game Theoretic Optimization
Models
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 Experience
- 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
- James Bushnell, Erin Mansur, and Celeste Saravia.
“Vertical
Arrangements, Market Structure and Competition: An
analysis of Restructured U.S. Electricity Markets.” American Economic Review. Forthcoming.
- James Bushnell, “Oligopoly Equilibria in Electricity Contract Markets,”
Journal
of Regulatory Economics.
Forthcoming.
- 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. Forthcoming.
- 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
“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. 2005.
Current Working Papers
- James Bushnell and Catherine
Wolfram, “The Guy at the Controls: Labor Quality and Power Plant
Efficiency.” NBER
working paper 13215. July 2007.
- 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.
- 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.
- 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.
- 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
- James Bushnell, Severin Borenstein, and Matt
Lewis. “Market Power in California’s Gasoline
Market.” CSEM-132,
May 2004.
- James Bushnell, Erin Mansur, and Celeste Saravia.
“Market Structure and Competition: A cross-market analysis of U.S.
Electricity Restructuring. CSEM-126r,
- James Bushnell and Celeste Saravia. “An
Empirical Assessment of the Competitiveness of the New England Electricity
Market. CSEM-101, January
2002.
- Severin
Borenstein, James Bushnell, Christopher R. Knittel, and Catherine Wolfram. "Trading
Inefficiencies in California's
Electricity Markets" PWP-086.
- James Bushnell and Frank Wolak. "Regulation and the Leverage of Local
Market Power in the California
Electricity Market." PWP-070, September
1999.
Other Publications
1.
James Bushnell “West Coast Power
Blues.” New York Newsday Op-ed
Section. January 7, 2001.
2.
Severin Borenstein and James Bushnell. “California
consumers haven’t seen the benefits of deregulating
the electricity industry yet – what went wrong?” San Jose Mercury News Op-ed Section.
August 27, 2000.
Other Affiliations
- International Association of
Energy Economists
- Institute for Operations
Research and Management Science
Jim Bushnell / bushnell@haas.berkeley.edu /
December 2006