Details about Severin Borenstein

E-mail:
Homepage:	http://faculty.haas.berkeley.edu/borenste
Workplace:	Walter A. Haas School of Business, University of California-Berkeley, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Severin Borenstein.

Last updated 2018-12-10. Update your information in the RePEc Author Service.

Short-id: pbo78

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Jump to Journal Articles Books Chapters

Working Papers

2022

1. Carbon Pricing, Clean Electricity Standards, and Clean Electricity Subsidies on the Path to Zero Emissions
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   See also Chapter (2022)

2021

2. Headwinds and Tailwinds: Implications of Inefficient Retail Energy Pricing for Energy Substitution
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   See also Chapter (2021)

2018

3. Do Two Electricity Pricing Wrongs Make a Right? Cost Recovery, Externalities, and Efficiency
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (34)

2015

4. Expecting the Unexpected: Emissions Uncertainty and Environmental Market Design
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
5. The Distributional Effects of U.S. Clean Energy Tax Credits
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
   See also Journal Article in Tax Policy and the Economy (2016)
   Chapter (2014)
6. The Private Net Benefits of Residential Solar PV: The Role of Electricity Tariffs, Tax Incentives and Rebates
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
   See also Journal Article in Journal of the Association of Environmental and Resource Economists (2017)
7. The U.S. Electricity Industry After 20 Years of Restructuring
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (82)
   See also Journal Article in Annual Review of Economics (2015)

2013

8. A Microeconomic Framework for Evaluating Energy Efficiency Rebound And Some Implications
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
   See also Journal Article in The Energy Journal (2014)

2012

9. Effective and Equitable Adoption of Opt-In Residential Dynamic Electricity Pricing
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   See also Journal Article in Review of Industrial Organization (2013)
10. The Incidence of an Oil Glut: Who Benefits from Cheap Crude Oil in the Midwest?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    See also Journal Article in The Energy Journal (2014)

2011

11. On the Persistent Financial Losses of U.S. Airlines: A Preliminary Exploration
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
12. The Private and Public Economics of Renewable Electricity Generation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article in Journal of Economic Perspectives (2012)

2010

13. Markets for Anthropogenic Carbon Within the Larger Carbon Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Chapter (2011)
14. The Equity and Efficiency of Two-Part Tariffs in U.S. Natural Gas Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in Journal of Law and Economics (2012)
15. The Redistributional Impact of Non-linear Electricity Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article in American Economic Journal: Economic Policy (2012)

2008

16. Inefficiencies and Market Power in Financial Arbitrage: A Study of California's Electricity Markets
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (40)
    Also in Institute of Transportation Studies, Working Paper Series, Institute of Transportation Studies, UC Davis (2006)
    Working Papers, University of California, Davis, Department of Economics (2006)
    See also Journal Article in Journal of Industrial Economics (2008)

2007

17. How Airline Markets Work...Or Do They? Regulatory Reform in the Airline Industry
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
18. Principal-agent Incentives, Excess Caution, and Market Inefficiency: Evidence From Utility Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2006

19. Customer Risk from Real-Time Retail Electricity Pricing: Bill Volatility and Hedgability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article in The Energy Journal (2007)
20. Do Investors Forecast Fat Firms? Evidence from the Gold Mining Industry
    Competition Policy Center, Working Paper Series, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (11)
    See also Journal Article in RAND Journal of Economics (2007)

2005

21. U.S. Domestic Airline Pricing, 1995-2004
    Industrial Organization, University Library of Munich, Germany View citations (5)
    Also in Macroeconomics, University Library of Munich, Germany (2005) View citations (7)
    Competition Policy Center, Working Paper Series, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley (2005) View citations (5)
22. Wealth Transfers from Implementing Real-Time Retail Electricity Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2003

23. Do Airline Bankruptcies Reduce Air Service?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
24. On the Efficiency of Competitive Electricity Markets With Time-Invariant Retail Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
    See also Journal Article in RAND Journal of Economics (2005)

2002

25. Measuring Market Inefficiencies in California's Deregulated Electricity Industry
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (56)

2001

26. Trading Inefficiencies in California's Electricity Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)

2000

27. Diagnosing Market Power in California's Restructured Wholesale Electricity Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
28. Electricity Restructuring: Deregulation or Reregulation?
    Competition Policy Center, Working Paper Series, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley View citations (40)
29. The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (188)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (16)
    See also Journal Article in RAND Journal of Economics (2000)

1999

30. Diagnosing Market Power in California's Deregulated Wholesale Electricity Market
    Competition Policy Center, Working Paper Series, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley View citations (6)
31. Market Power in Electricity Markets: Beyond Concentration Measures
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (144)
    See also Journal Article in The Energy Journal (1999)
32. Understanding Competitive Pricing and Market Power in Wholesale Electricity Markets
    Competition Policy Center, Working Paper Series, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley View citations (6)
    See also Journal Article in The Electricity Journal (2000)

1998

33. An Empirical Analysis of the Potential for Market Power in California's Electricity Industry
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article in Journal of Industrial Economics (1999)

1996

34. Exercising Market Power in Proprietary Aftermarkets
    Working Papers, University of California at Berkeley, Haas School of Business View citations (5)
    See also Journal Article in Journal of Economics & Management Strategy (2000)
35. Sticky Prices, Inventories, and Market Power in Wholesale Gasoline Markets
    Working Papers, University of California at Berkeley, Haas School of Business View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations (12)
    See also Journal Article in RAND Journal of Economics (2002)

1995

36. Do Airlines in Chapter 11 Harm Their Rivals? Bankruptcy and Pricing Behavior in U.S. Airline Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
37. Settling for Coupons: Discount Contracts as Compensation and Punishment in Antitrust Lawsuits
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Law and Economics (1996)

1994

38. Tying and Market Power
    Industrial Organization, University Library of Munich, Germany

1993

39. Dynamic Pricing in Retail Gasoline Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Working Papers, California Davis - Institute of Governmental Affairs (1993)
    See also Journal Article in RAND Journal of Economics (1996)
40. Price Incentives for Fuel Switching: Did Price Differences Slow the Phase Out of Leaded Gasolines?
    Working Papers, California Davis - Institute of Governmental Affairs View citations (1)
41. Repeat Buyer Programs in Network industries
    Working Papers, California Davis - Institute of Governmental Affairs View citations (2)
42. The Economics of Costomer Lock-In and Market Power in Services
    Memorandum, Oslo University, Department of Economics

1992

43. Do Gasoline Prices Respond Asymmetrically to Crude Oil Price Changes?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    See also Journal Article in The Quarterly Journal of Economics (1997)
44. Prospects for Competitive European Air Travel
    Working Papers, California Davis - Institute of Governmental Affairs View citations (1)

1991

45. Competition and Price Dispersion in the U.S. Airline Industry
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article in Journal of Political Economy (1994)
46. The Evolution of U.S. Airline Competition
    Working Papers, California Davis - Institute of Governmental Affairs View citations (9)
    See also Journal Article in Journal of Economic Perspectives (1992)

1988

47. CARROT AND YARDSTICK REGULATION: ENHANCING MARKET PERFORMANCE WITH OUTPUT PRIZES
    Working Papers, Michigan - Center for Research on Economic & Social Theory
    See also Journal Article in Journal of Regulatory Economics (1991)

Journal Articles

2017

1. Private Net Benefits of Residential Solar PV: The Role of Electricity Tariffs, Tax Incentives, and Rebates
   Journal of the Association of Environmental and Resource Economists, 2017, 4, (S1), S85 - S122 View citations (71)
   See also Working Paper (2015)

2016

2. The Distributional Effects of US Clean Energy Tax Credits
   Tax Policy and the Economy, 2016, 30, (1), 191 - 234 View citations (63)
   See also Chapter (2014)
   Working Paper (2015)

2015

3. The US Electricity Industry After 20 Years of Restructuring
   Annual Review of Economics, 2015, 7, (1), 437-463 View citations (91)
   See also Working Paper (2015)

2014

4. A Microeconomic Framework for Evaluating Energy Efficiency Rebound and Some Implications
   The Energy Journal, 2014, Volume 36, (Number 1) View citations (6)
   See also Working Paper (2013)
5. The Incidence of an Oil Glut: Who Benefits from Cheap Crude Oil in the Midwest?
   The Energy Journal, 2014, Volume 35, (Number 1) View citations (48)
   See also Working Paper (2012)

2013

6. Effective and Equitable Adoption of Opt-In Residential Dynamic Electricity Pricing
   Review of Industrial Organization, 2013, 42, (2), 127-160 View citations (43)
   See also Working Paper (2012)

2012

7. Career Concerns, Inaction and Market Inefficiency: Evidence From Utility Regulation
   Journal of Industrial Economics, 2012, 60, (2), 220-248 View citations (8)
8. The Equity and Efficiency of Two-Part Tariffs in U.S. Natural Gas Markets
   Journal of Law and Economics, 2012, 55, (1), 75 - 128 View citations (34)
   See also Working Paper (2010)
9. The Private and Public Economics of Renewable Electricity Generation
   Journal of Economic Perspectives, 2012, 26, (1), 67-92 View citations (206)
   See also Working Paper (2011)
10. The Redistributional Impact of Nonlinear Electricity Pricing
    American Economic Journal: Economic Policy, 2012, 4, (3), 56-90 View citations (73)
    See also Working Paper (2010)

2011

11. Why Can't US Airlines Make Money?
    American Economic Review, 2011, 101, (3), 233-37 View citations (19)

2008

12. INEFFICIENCIES AND MARKET POWER IN FINANCIAL ARBITRAGE: A STUDY OF CALIFORNIA'S ELECTRICITY MARKETS*
    Journal of Industrial Economics, 2008, 56, (2), 347-378 View citations (37)
    See also Working Paper (2008)

2007

13. Customer Risk from Real-Time Retail Electricity Pricing: Bill Volatility and Hedgability
    The Energy Journal, 2007, Volume 28, (Number 2), 111-130 View citations (14)
    See also Working Paper (2006)
14. Do investors forecast fat firms? Evidence from the gold-mining industry
    RAND Journal of Economics, 2007, 38, (3), 626-647 View citations (18)
    See also Working Paper (2006)
15. Wealth Transfers Among Large Customers from Implementing Real-Time Retail Electricity Pricing
    The Energy Journal, 2007, Volume 28, (Number 2), 131-150 View citations (31)

2005

16. On the Efficiency of Competitive Electricity Markets with Time-Invariant Retail Prices
    RAND Journal of Economics, 2005, 36, (3), 469-493 View citations (138)
    See also Working Paper (2003)
17. The Long-Run Efficiency of Real-Time Electricity Pricing
    The Energy Journal, 2005, Volume 26, (Number 3), 93-116 View citations (141)

2003

18. The Impact of Bankruptcy on Airline Service Levels
    American Economic Review, 2003, 93, (2), 415-419 View citations (16)

2002

19. Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market
    American Economic Review, 2002, 92, (5), 1376-1405 View citations (396)
20. Sticky Prices, Inventories, and Market Power in Wholesale Gasoline Markets
    RAND Journal of Economics, 2002, 33, (1), 116-139 View citations (131)
    See also Working Paper (1996)
21. The Trouble With Electricity Markets: Understanding California's Restructuring Disaster
    Journal of Economic Perspectives, 2002, 16, (1), 191-211 View citations (181)

2001

22. Economics and Electronic Commerce
    Journal of Economic Perspectives, 2001, 15, (1), 3-12 View citations (35)

2000

23. California "Lessons" Derive from Mischaracterization of Our Work
    The Electricity Journal, 2000, 13, (2), 3-4
24. Exercising Market Power in Proprietary Aftermarkets
    Journal of Economics & Management Strategy, 2000, 9, (2), 157-188 View citations (35)
    Also in Journal of Economics & Management Strategy, 2000, 9, (3), 157-188 (2000) View citations (35)
    See also Working Paper (1996)
25. Is Cost-Cutting Evidence of X-Inefficiency?
    American Economic Review, 2000, 90, (2), 224-227 View citations (11)
26. The Competitive Effects of Transmission Capacity in A Deregulated Electricity Industry
    RAND Journal of Economics, 2000, 31, (2), 294-325 View citations (197)
    See also Working Paper (2000)
27. Understanding Competitive Pricing and Market Power in Wholesale Electricity Markets
    The Electricity Journal, 2000, 13, (6), 49-57 View citations (25)
    See also Working Paper (1999)

1999

28. An Empirical Analysis of the Potential for Market Power in California’s Electricity Industry
    Journal of Industrial Economics, 1999, 47, (3), 285-323 View citations (183)
    See also Working Paper (1998)
29. Market Power in Electricity Markets: Beyond Concentration Measures
    The Energy Journal, 1999, Volume20, (Number 4), 65-88 View citations (150)
    See also Working Paper (1999)
30. Why do all the flights leave at 8 am?: Competition and departure-time differentiation in airline markets
    International Journal of Industrial Organization, 1999, 17, (5), 611-640 View citations (100)

1997

31. Do Gasoline Prices Respond Asymmetrically to Crude Oil Price Changes?
    The Quarterly Journal of Economics, 1997, 112, (1), 305-339 View citations (598)
    See also Working Paper (1992)

1996

32. Dynamic Pricing in Retail Gasoline Markets
    RAND Journal of Economics, 1996, 27, (3), 429-451 View citations (161)
    See also Working Paper (1993)
33. Settling for Coupons: Discount Contracts as Compensation and Punishment in Antitrust Lawsuits
    Journal of Law and Economics, 1996, 39, (2), 379-404 View citations (15)
    See also Working Paper (1995)

1995

34. Bankruptcy and Pricing Behavior in U.S. Airline Markets
    American Economic Review, 1995, 85, (2), 397-402 View citations (30)
35. Market power in California electricity markets
    Utilities Policy, 1995, 5, (3-4), 219-236 View citations (55)

1994

36. Competition and Price Dispersion in the U.S. Airline Industry
    Journal of Political Economy, 1994, 102, (4), 653-83 View citations (338)
    See also Working Paper (1991)

1992

37. The Evolution of U.S. Airline Competition
    Journal of Economic Perspectives, 1992, 6, (2), 45-73 View citations (111)
    See also Working Paper (1991)

1991

38. Carrot and Yardstick Regulation: Enhancing Market Performance with Output Prizes
    Journal of Regulatory Economics, 1991, 3, (2), 115-36 View citations (5)
    See also Working Paper (1988)
39. Selling Costs and Switching Costs: Explaining Retail Gasoline Margins
    RAND Journal of Economics, 1991, 22, (3), 354-369 View citations (95)
40. The Dominant-Firm Advantage in Multiproduct Industries: Evidence from the U. S. Airlines
    The Quarterly Journal of Economics, 1991, 106, (4), 1237-1266 View citations (66)

1990

41. Airline Mergers, Airport Dominance, and Market Power
    American Economic Review, 1990, 80, (2), 400-404 View citations (164)

1989

42. How to Carve a Medical Degree: Human Capital Assets in Divorce Settlements
    American Economic Review, 1989, 79, (5), 992-1009 View citations (27)
43. Hubs and High Fares: Dominance and Market Power in the U.S. Airline Industry
    RAND Journal of Economics, 1989, 20, (3), 344-365 View citations (366)
44. The economics of costly risk sorting in competitive insurance markets
    International Review of Law and Economics, 1989, 9, (1), 25-39 View citations (5)

1988

45. Market Incentives for Safe Commercial Airline Operation
    American Economic Review, 1988, 78, (5), 913-35 View citations (82)
46. On the Efficiency of Competitive Markets for Operating Licenses
    The Quarterly Journal of Economics, 1988, 103, (2), 357-385 View citations (45)

1985

47. Price Discrimination in Free-Entry Markets
    RAND Journal of Economics, 1985, 16, (3), 380-397 View citations (113)

Books

2001

1. E-commerce
   NBER Books, National Bureau of Economic Research, Inc

1998

2. Inside the Pin-Factory: Empirical Studies Augmented by Manager Interviews
   NBER Books, National Bureau of Economic Research, Inc View citations (14)

Chapters

2022

1. Carbon Pricing, Clean Electricity Standards, and Clean Electricity Subsidies on the Path to Zero Emissions
   A chapter in Environmental and Energy Policy and the Economy, volume 4, 2022, pp 125-176 View citations (1)
   See also Working Paper (2022)

2021

2. Headwinds and Tailwinds: Implications of Inefficient Retail Energy Pricing for Energy Substitution
   A chapter in Environmental and Energy Policy and the Economy, volume 3, 2021, pp 37-70 View citations (1)
   See also Working Paper (2021)

2014

3. How Airline Markets Work…or Do They? Regulatory Reform in the Airline Industry
   A chapter in Economic Regulation and Its Reform: What Have We Learned?, 2014, pp 63-135 View citations (15)
4. The Distributional Effects of U.S. Clean Energy Tax Credits
   A chapter in Tax Policy and the Economy, Volume 30, 2014, pp 191-234
   See also Journal Article in Tax Policy and the Economy (2016)
   Working Paper (2015)

2011

5. Comment on "Monitoring and Enforcement of Climate Policy"
   A chapter in The Design and Implementation of US Climate Policy, 2011, pp 225-227
6. Markets for Anthropogenic Carbon within the Larger Carbon Cycle
   A chapter in The Design and Implementation of US Climate Policy, 2011, pp 93-102 View citations (1)
   See also Working Paper (2010)