| Haas faculty have been at the forefront of the debate
on the state’s energy problems for the past two
years, most notably professors Severin Borenstein and
David Teece.
Severin Borenstein, director of the UC Energy Institute
and E.T. Grether Professor in Public Policy and Business
Administration at Haas, led a Power Conference on Electricity
Industry Restructuring on the UC Berkeley campus on
March 14, 2003. Borenstein presented a talk on Time-Varying
Retail Electricity Prices at the conference, which drew
an international contingent of researchers from as far
as Cambridge, Oxford, and Madrid.
Borenstein has become a household name on the electricity
crisis since summer 2001, sharing his insights in lectures,
conferences, and frequent media interviews. His recent
research on California’s electricity deregulation
and gasoline markets have been published in leading
economics journals.
For more information on the activities and research
of the UC Energy Institute, please go to the web site
at http://www.ucei.berkeley.edu.
David Teece, director of the Institute of Management,
Innovation & Organization and Mitsubishi Bank Professor
of International Business and Finance, led a group of
academicians and public policy experts in the creation
of the Manifesto on the California Electricity Crises
for the second year in a row. The Manifesto urged the
state to move swiftly to rebuild its broken electricity
industry by allowing market forces to work. Absent meaningful
reforms, it said, California electricity consumers face
a repeat of the soaring wholesale prices and blackouts
of 2000-01.
The signatories of the 2003 manifesto included Nobel
Laureate in Economics Vernon Smith from George Mason
University, Mitch Wilk, former president of the California
Public Utilities Commission, Haas Professor Pablo Spiller,
and faculty from Stanford University, UCLA, Harvard
University, and the Wharton School, among others.
The 2003 manifesto and its list of signatories is available
on the Web at http://www.haas.berkeley.edu/news/manifesto.html.
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