Faculty and Executive Leadership Directory

Severin Borenstein

E.T. Grether Professor of Business Administration and Public Policy
Haas Economic Analysis and Policy Group
1-510-642-3689
and
Director, University of California Energy Institute
1-510-642-5145
Email: click on the envelope icon below for full email address
Academic Status: On duty
Office Hours: By Appointment, F649
Personal Homepage: http://faculty.haas.berkeley.edu/borenste
Academic Group Homepage: http://groups.haas.berkeley.edu/eap/
Curriculum Vitae (in PDF format, Acrobat Reader required)

Education

BA, economics, University of California, Berkeley
Ph.D., economics, Massachusetts Institute of Technology

Positions Held

At Haas since 1996

1996 - present Professor, Haas School of Business, UC Berkeley
1994 - 96 Professor of Economics, Department of Economics, UC Davis
1990 - 94 Associate Professor of Economics, Department of Economics, UC Davis
1983 - 90 Assistant Professor of Economics and Public Policy, Department of Economics and Institute of Public Policy Studies, University of Michigan
1978 - 79 Staff Economist, Office of Economic Analysis, US Civil Aeronautics Board

Visiting Appointments:

Professor of Strategic Management, Graduate School of Business, Stanford University
Associate Professor, Distance Learning MBA for Cathay Pacific Airlines
School of Business Administration, University of Michigan;
Associate Professor, Haas School of Business, UC Berkeley;
Assistant Professor, Department of Economics, UC Davis

External Service and Assignments

Editorial Board Member, American Economic Journal: Economic Policy
Editorial Board Member, Journal of Economic Literature
Co-Director, Center for the Study of Energy Markets
Associate editor: Review of Economics and Statistics
Former editor: Journal of Industrial Economics
Director: University of California Energy Institute
Research associate: National Bureau of Economic Research

Current Research and Interests

Energy Policy and Climate Change
Electricity deregulation, market formation and competition
US and international airline competition
Oil and gasoline market pricing and competition
Efficiency and cost-cutting in firms

Selected Papers and Publications

"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 Electricit Pricing," Energy Journal, 26(3) (2005).
“The Impact of Bankruptcy on Airline Service Levels” (with Nancy Rose), American Economic Review Papers and Proceedings, 93 (May 2003)
"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).

Honors and Awards

Distinguished Faculty Mentoring Award (for graduate student mentoring), UC Berkeley
Hewlett Foundation/Energy Foundation Research Grant, "Price Responsive Demand in Electricity Markets." 2002
National Bureau of Economic Research/Sloan Foundation Research Grant (with Joseph Farrell). "Why Do Firms Cut Costs?" 1998-present
Earl F. Cheit Award for Excellence in Teaching (MBA Program), 1997
University-wide Energy Research Group Research Grant, (with Colin Cameron). "Asymmetric Retail Gasoline Price Responses to Crude Oil Price Changes." 1991-93
Michigan Economic Society Undergraduate Teaching Award, Fall 1987
National Science Foundation Research Grant #SES-8711576. "Efficiency in the Allocation of Operating Licenses." 1987-90

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