"Price
Discrimination in Free-Entry Markets," Rand
Journal of Economics, 16(Autumn 1985).
"On the Efficiency of Competitive Markets for Operating Licenses," Quarterly Journal of Economics, 103(May 1988).
"Market Incentives for Safe Commercial Airline Operation," (with Martin Zimmerman), American Economic Review, 78(December 1988).
"The Economics of Costly Risk Sorting in Competitive Insurance Markets," International Review of Law and Economics, 9(June 1989).
"How to Carve a Medical Degree: Human Capital Assets in Divorce Settlements," (with Paul Courant), American Economic Review, 79(December 1989).
"Hubs and High Fares: Dominance and Market Power in the U.S. Airline Industry," Rand Journal of Economics, 20(Autumn 1989).
"Airline Mergers, Airport Dominance, and Market Power," American Economic Review Papers and Proceedings, 80 (May 1990).
"Carrot and Yardstick Regulation: Enhancing Market Performance with Output Prizes," (with Mark Bagnoli), Journal of Regulatory Economics, 3(June 1991).
"The Dominant-Firm Advantage in Multi-Product Industries: Evidence from the U.S. Airlines," Quarterly Journal of Economics, 106(November 1991).
"Selling Costs and Switching Costs: Explaining Retail Gasoline Margins," Rand Journal of Economics, 22(Autumn 1991).
"The Evolution of U.S. Airline Competition," Journal of Economic Perspectives, 7(Spring 1992).
"Competition and Price Dispersion in the U.S. Airline Industry," (with Nancy Rose), Journal of Political Economy, 103(August 1994).
"Antitrust Policy in Aftermarkets," (with Jeffrey MacKie-Mason and Janet Netz), Antitrust Law Journal, 63(Winter 1995).
"Bankruptcy and Pricing Behavior in U.S. Airline Markets" (with Nancy Rose), American Economic Review Papers and Proceedings, 85(May 1995).
"Bankruptcy and Pricing Behavior in U.S. Airline Markets" (with Nancy Rose), NBER Working Paper Version.
"Dynamic Pricing in Retail Gasoline Markets" (with Andrea Shepard), Rand Journal of Economics, 27(Autumn 1996).
"Market Power in California Electric Markets" (with James Bushnell, Edward Kahn, and Steven Stoft), Utilities Policy, 5(3/4, 1996).
"Settling for Coupons: Discount Contracts as Compensation and Punishment in Antitrust Lawsuits," Journal of Law and Economics, 39(October 1996).
"Do Gasoline Prices Respond Asymmetrically to Crude Oil Price Changes?" (with Colin Cameron and Richard Gilbert), Quarterly Journal of Economics, 112(February 1997).
"Why Do All the Flights Leave at 8 a.m.? Competition and Departure-Time Differentiation in Airline Markets" (with Janet Netz), International Journal of Industrial Organization, 17(July 1999).
"An Empirical Analysis of Market Power in a Deregulated California Electricity Market" (with James Bushnell), Journal of Industrial Economics, 47(September 1999).
"Market Power in Electricity Markets: Beyond Concentration Measures" (with James Bushnell and Christopher R. Knittel), Energy Journal, 20(4, 1999).
"Is Cost Cutting Evidence of X-Inefficiency? " (with Joe Farrell), American Economic Review Papers and Proceedings, 90(May 2000).
"Exercising Market Power in Proprietary Aftermarkets," (with Jeffrey MacKie-Mason and Janet Netz), Journal of Economics and Management Strategy, 9(Summer 2000).
"The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry" (with James Bushnell and Steven Stoft), Rand Journal of Economics, 31(Summer 2000). (Also, some brief Supplementary Materials are available)
"Economics and Electronic Commerce" (with Garth Saloner), Journal of Economic Perspectives, 15(Winter 2001).
"The Trouble with Electricity Markets: Understanding California's Restructuring Disaster,'' Journal of Economic Perspectives, 16(Winter 2002)
``Sticky Prices, Inventories, and Market Power in Wholesale Gasoline Markets'' (with Andrea Shepard ), Rand Journal of Economics, 33(Spring 2002).
``Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market,'' (with James Bushnell and Frank Wolak), American Economic Review, 92(December 2002).
"The Impact of Bankruptcy on Airline Service Levels" (with Nancy Rose ), American Economic Review Papers and Proceedings, 93(May 2003).
"Do Airline Bankruptcies Reduce Air Service? " (with Nancy Rose ), NBER Working Paper 9636 (April 2003).
"On the Efficiency of Competitive Electricity Markets With Time-Invariant Retail Prices," (with Stephen Holland) Rand Journal of Economics, 36(Autumn 2005).
"The Long-Run Efficiency of Real-Time Electricity Pricing," Energy Journal, 26(3) (2005).
"Customer Risk from Real-Time Retail Electricity Pricing: Bill
Volatility and Hedgability," The Energy Journal, 28(2), 2007.
"Wealth
Transfers Among Large Customers from Implementing
Real-Time Retail Electricity Pricing," The Energy Journal,
28(2), 2007.
"Do
Investors Forecast Fat Firms? Evidence from the Gold Mining Industry,'' (with
Joe Farrell), Rand Journal of Economics, 38(Autumn 2007).
"Inefficiencies
and Market Power in Financial Arbitrage: A Study of California's Electricity
Markets" (with James Bushnell,
Christopher Knittel, and Catherine Wolfram), Journal
of Industrial Economics, 56(2), June 2008.
“Why
Can’t U.S. Airlines Make Money?”, American
Economic Review Papers and Proceedings, 101(5), May 2011. A long
version is available as “On the Persistent Financial
Losses of U.S. Airlines: A Preliminary Exploration,” NBER Working Paper
#16744, January 2011.
"The
Equity and Efficiency of Two-Part Tariffs in U.S. Natural Gas Markets"
(with Lucas Davis), Journal of Law and Economics, 55(1), February 2012.
"The Redistributional Impact of
Non-Linear Electricity Pricing", American Economic Journal: Economic Policy,
4(3), August 2012.
"Career Concerns, Inaction and Market Inefficiency: Evidence
from utility regulation" (with Meghan
Busse and Ryan Kellogg), Journal of Industrial Economics, 60(2), June 2012.
“The
Private and Public Economics of Renewable Electricity Generation”, Journal of Economic Perspectives, 26(1), Winter 2012.
"High
Air Fares: Don't Blame Deregulation," Washington Post, August 25,
1987.
"USAir Merger Promises Higher Fares, Less Competition," Hartford Courant, January 12, 1988.
"Losses in Airline Demand and Value Following Accidents," (with Martin Zimmerman) in Moses and Savage, eds., Transportation Safety in an Age of Deregulation, Oxford: Oxford University Press, 1989.
"Dissipating the Airline Deregulation Dividend: The Decline of Competition at Hub Airports," Regulation, Fall 1990 (and reply letter in Winter 1991 issue).
"Prospects for Competitive European Air Travel," in W.J. Adams, ed. Singular Europe: Economy and Polity of the European Community After 1992, Ann Arbor: University of Michigan Press, 1992.
"USAir in 1986," (with Andrea Shepard), Stanford Graduate School of Business Strategic Management Case S-SM-4, January 1993.
"The Economics of Customer Lock-In and Market Power in the Service Business," (with Jeffrey MacKie-Mason and Janet Netz) in Patrick T. Harker, ed. The Service Productivity and Quality Challenge, Kluwer Academic Press, 1994.
"Uncle Sam at the Gas Pump: Causes and Consequences of Regulating Gasoline Distribution," (with Richard Gilbert), Regulation, Spring 1993.
"A Guide to the Blue Book," (principal authors Carl Blumstein and James Bushnell), Electricity Journal, September 1994.
"Repeat-Buyer Programs in Network Industries," in Werner Sichel ed., Networks, Infrastructure, and The New Task for Regulation, University of Michigan Press, 1996.
"Airline Deregulation," (with Nancy Rose) entry in The New Palgrave Dictionary of Law and Economics, New York: Grove's Dictionaries, 1998.
"Rapid Communication and Price Fixing: The Airline Tariff Publishing Company Case," in John E. Kwoka and Lawrence J. White eds., The Antitrust Revolution: The Role of Economics, Oxford University Press, 3rd Edition, 1998.
"A Cheaper Way to Clean Gasoline," (with Steven Stoft) San Francisco Chronicle, March 16, 1999.
Comments on Kole and Lehn's "Workforce Integration and the Dissipation of Value in Mergers: The Case of USAir's Acquisition of Piedmont Aviation," in Steven Kaplan, ed., Mergers and Productivity, University of Chicago Press, 2000.
"California 'Lessons' derive from a Mischaracterization of our work" (with James Bushnell), letter in Electricity Journal, March 2000.
"Electricity Restructuring: Deregulation or Reregulation?," (with James Bushnell) Regulation, Vol. 23 No.2, 2000.
"Understanding Competitive Pricing and Market Power in Wholesale Electricity Markets," Electricity Journal, July 2000.
"California consumers haven't seen benefits of deregulating the electrical industry yet -- What went wrong?," (with James Bushnell) San Jose Mercury News, August 27, 2000.
"Electricity Pricing Should Clue Consumers
to Judicious Use," Los Angeles Times,
January 17, 2001.
"Government Aid to Airlines is Just Excess Baggage for Taxpayers ," Los Angeles Times, August 27, 2002.
"Time-Varying Retail Electricity Prices: Theory and Practice,'' in Griffin and Puller, eds., Electricity Deregulation: Choices and Challenges, Chicago: University of Chicago Press, 2005.
"Power Politics Hurts Consumers," Financial
Times, August 19, 2003.
"What's Wrong with Regulating Gasoline Prices?", Sacramento Bee, September 12, 2003
"Solar Initiative Has a Dark Side", San Jose Mercury News, August 20, 2004
"Mere drops in the world's oil barrel", San Jose Mercury News, June 2, 2005
Testimony before the U.S. Senate Judiciary Committee on mergers in the oil and gasoline industry, March 14, 2006
"Will Solar PV Save You Money?", San Francisco Chronicle, April 21, 2008
Cost,
Conflict and Climate: Navigating the Global Oil Market, Milken Institute
Review, 4th Quarter 2008.
(a more detailed version of the paper is available at "Cost,
Conflict and Climate: U.S. Challenges in the World Oil Market", Center
for the Study of Energy Markets Working Paper #177, University of California
Energy Institute, Revised June 2008.)
"How Airline Markets Work...Or Do They? Regulatory Reform in the Airline Industry," (with Nancy Rose) National Bureau of Economic Research working paper #13452, forthcoming in N. Rose ed., Economic Regulation and Its Reform: What Have We Learned?, University of Chicago Press.
"Gas Surcharge Could Help Deficit, Environment", Sacramento Bee, November 17, 2008. Also available a short policy paper explaining how a fuel price stabilization program could work.
“California Solar Scorecard: Invest in Technologies, Not Subsidies” New York Times, Room for Debate, April 21, 2010.
"Markets for Anthropogenic Carbon Within the Larger Carbon Cycle", forthcoming in The Design and Implementation of U.S. Carbon Policy, Don Fullerton and Catherine Wolfram eds., National Bureau of Economic Research and University of Chicago Press.
“Making the Wrong Case for Renewable Energy”, Bloomberg Business Class, February 13, 2012.
“The U.S. Can’t Control the World Oil Markets”, U.S. News & World Report, Debate Club, March 2, 2012.
“Why the U.S. Airlines Need to Adapt to a Slow-Growth Future”, Bloomberg Business Class, June 4, 2012..
"Price Incentives for Fuel Switching: Did Price Differences Slow the Phase-Out of Leaded Gasoline?" POWER Working Paper PWP-010, January 1993.
Business Stealing Effects in Radio Station Format Choice
"
Working Paper, December 1986.
Testimony on California Gasoline Prices, June 1999
Testimony on Hub Dominance before the Transportation
Research Board, January 1999 Syllabus from Energy Markets Course