Email: borenste@haas.berkeley.edu
WWW: http://faculty.haas.berkeley.edu/borenste
Haas School of Business
University of California
Berkeley, CA 94720-1900
phone: 510-642-3689
fax: 707-885-2508
U.C. Energy Institute
2539 Channing Way
Berkeley, CA 94720-5180
phone: 510-642-5145
http://www.ucei.org
"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).
"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), forthcoming.
"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.
"Do Investors Forecast Fat Firms? Evidence from the Gold Mining Industry,'' (with Joe Farrell), July 2002 (in submission).
"Trading Inefficiencies in California's Electricity Markets" (with James Bushnell, Christopher Knittel, and Catherine Wolfram), POWER Working Paper PWP-086, University of California Energy Institute, October 2001 (in submission).
"Frequently Asked Questions About Implementing Real-Time Electricity Pricing in California for Summer 2001,'' University of California Energy Institute, March 2001.
"The Theory of Demand-Side Price Incentives," in Borenstein, Jaske and Rosenfeld, Dynamic Pricing, Advanced Metering, and Demand Response in Electricity Markets , October 2002.
"A Vision for Dynamic Pricing," (with Michael Jaske and Arthur Rosenfeld) in Borenstein, Jaske and Rosenfeld, Dynamic Pricing, Advanced Metering, and Demand Response in Electricity Markets, October 2002.
"Investment Efficiency in Competitive Electricity Markets With and Without Time-Varying Retail Prices,"
(with Stephen Holland), CSEM Working Paper CSEM-106, University of California Energy Institute, November 2002.
1977-1978 --- University of California, Berkeley, A.B. Economics
1979-1983 --- Massachusetts Institute
of Technology, Ph.D. Economics
1989-1990 --- Visiting Assistant Professor of Economics, Department of Economics, University of California, Davis
1990-1994 --- Associate Professor of Economics, Department of Economics, University of California, Davis
1992,1993 --- Visiting Associate Professor of Business Economics (Autumn), Haas School of Business, University of California, Berkeley
1994 --- Visiting Associate Professor of Business Economics (March), Distance learning MBA for Cathay Pacific Airlines, School of Business Administration, University of Michigan
1994 --- Visiting Professor of Strategic Management (Winter), Graduate School of Business, Stanford University
1994-1996 --- Professor of Economics, Department of Economics, University of California, Davis
1996-2000 --- Professor of Business, Haas School of Business, University of California, Berkeley
2000-present -- E.T. Grether Professor of Business Administration
and Public Policy, Haas School of Business, University of California, Berkeley
1992-Present --- Co-Director, Program On Workable Energy Regulation, University of California
1992-Present --- Research Associate, National Bureau of Economic Research
1992-Present --- Associate Editor of Review of Economics and Statistics
1993-2000 --- Associate Editor of International Journal of Industrial Organization
1993-1995 --- Associate Editor of Journal of Industrial Economics
1994-Present --- Director, University of California Energy Institute
1995-2000 --- Editor, Journal of Industrial Economics
1997-Present --- Member, Governing Board of California Power Exchange Corporation
1999-2000 --- Member, California Attorney General's Gasoline Task Force
2000-2002 --- Co-Director (with Garth Saloner) of National Bureau
of Economic Research E-Commerce Project
1982-1983 --- Alfred P. Sloan Foundation Research Fellowship
1986 --- University of Michigan Rackham Research Fellowship
1986-1987 --- University of Michigan Teaching Development Award
1987-1990 --- National Science Foundation Research Grant #SES-8711576, "Efficiency in the Allocation of Operating Licenses"
Fall 1987 --- Michigan Economic Society Undergraduate Teaching Award
1988-1989 --- University of Michigan Rothschild Research Fellowship
1991-1993 --- Universitywide Energy Research Group Research Grant (with Colin Cameron), "Asymmetric Retail Gasoline Price Responses to Crude Oil Price Changes"
1997 --- Recipient, Cheit Award for Best Teacher in Haas MBA Program
1997 --- Finalist, Cheit Award for Best Teacher in Haas PhD Program
1998-2000 --- National Bureau of Economic Research/Sloan Foundation Research Grant (with Joseph Farrell), "Why Do Firms Cut Costs?"
2002 --- Hewlett Foundation/Energy Foundation Research Grant, ``Price Responsive Demand in Electricity Markets''