2. House Committee on Financial Services, June 20, 2001, On California Energy Crisis and Its Implications for Long-Term Energy Policy
3. Senate Committee on Commerce, Science and Transportation, May 15, 2002, On Enron's Role in California Energy Crisis
4. Senate Committee on Government Affairs, November 12, 2002,
On the Lessons that Should Be Learned About Regulating Energy Markets from the California Electricity Crisis and the Enron Bankruptcy
5. House Committee on Oversight and Government Reform, February 28, 2008,
Implementing a Modern System of Regulation for the Postal Service under the Postal Accountability and Enhancement Act [.PDF].
Reports and Opininons of Market Surveillance Committee of California Independent System Operator
Recent Papers (In Postscript and .PDF formats)
To print a downloaded Postscript file, issue the command
copy file.name lpt1: /b
from a DOS prompt, where lpt1: is the device name for the Postscript printer and
file.name is the name of the file.
You can also obtain a copy of Ghostview which allows you to view and
print Postscript files from your browser. (click here to obtain a copy ).
An alternate approach is to download the .PDF files and use the Adobe Acrobat Reader to view and print the file. Adobe Acrobat Reader is available from Adobe.
Please note that a Postcript file cannot be viewed or printed from any standard wordprocessor.
1. Measuring Relative Market Power in the Western U.S. Coal Market Using Shapley Values [.PDF].
2. Why Do Firms Simultaneously Purchase in Spot and Contract Markets? Evidence from the United States Steam Coal Market [.PDF].
3. An Econometric Analysis of the Asymmetric Information Regulator Utility Interaction [.PDF].
4. Can Universal Service Survive in a Competitive Telecommunications
Environment? Evidence from the Consumer Expenditure Survey (Postcript)
(.PDF).
5. The Impact of Market Rules and Market Structure on the Price
Determination Process in the England and Wales Electricity Market (with
R.H. Patrick) [Postscript] [.PDF].
6. The Consumption and Welfare Impacts of Competitive
Telecommunications Supply: A Household-Level Analysis (Postscript) (.PDF).
7. Changes in the Household-Level Demand for Postal Delivery Services from
1986 to 2004 (.PDF).
8. Electric Substitution in the Household-Level Demand for Postal Delivery Services (non-technical summary of 4) (Postscript) (.PDF).
9. Competition and RBOC Revenues and Infrastructure Investment: The Case of Arkansas, California, Texas, New York and Illinois (.PDF).
10. Estimating the Customer-Level Demand for Electricity Under Real-Time Market Prices (with R.H. Patrick) (Postscript) (.PDF).
11. Market Design and the Behavior of Prices in Restructured Electricity Markets: An International Comparison (Postscript) (.PDF).
12. An Empirical Analysis of the Impact of Hedge Contracts on Bidding Behavior in a Competitive Electricity Market(Postscript) (.PDF).
13. Price-Cap Regulation and Its Use in Newly Privatized Industries(Postscript) (.PDF).
14. Diagnosing Market Power in California's Restructured Wholesale Electricity Market(.PDF).
15. Regulation and the Leverage of Local Market Power in the California Electricity Market(.PDF).
16. Report on Electricity Restructuring in Romania (Prepared for World Bank) (.PDF).
17. Designing and Monitoring a Regional Transmission Organization: Comments on FERC Order 2000, Presentation to Harvard Electricity Policy Group, St. Helena, CA, January 21, 2000(.PDF).
18. What When Wrong with California's Re-structured Electricity Market? (And How to Fix It)(.PDF).
19. Ten Myths About Competitive Electricity Markets: Lessons for Designing Congestion Management Protocols(.PDF).
20. Will FERC See the Light on the Law? (Los Angeles Times, 4/30/01(.PDF).
21. Want 10,000 megawatts? Use Variable Power Pricing (San Jose Mercury News, May 4, 2001)(.PDF).
22. A Comprehensive Market Power Mitigation Plan for the California Electricity Market(.PDF).
23. Analysis of "Order Proposing Remedies for California Wholesale Electric Markets (Issued November 1, 2000)" (with R. Nordhaus and C. Shapiro) (.PDF).
24. Proposed Market Monitoring and Mitigation Plan for California Electricity Market (.PDF).
25. Comments on "Staff Recommendation on Prospective Market Monitoring and Mitigation for the California Wholesale Electricity Market" (with R. Nordhaus)(.PDF).
26. FERC Fixes Have Fallen Short (San Jose Mercury News, June 20, 2001) ( .PDF).
27. Identification and Estimation of Cost Functions Using Observed Bid Data: An Application to Competitive Electricity Markets (.PDF).
28. Economists Letter to President Bush sent on May 29, 2001 (signed by Roger Bohn, Severin Borenstein, James Bushnell, Peter Cramton, Alfred Kahn, Paul Joskow, Alvin K. Klevorick, Robert Porter, Carl Shapiro, and Frank A. Wolak) (.PDF).
29. $9 Billion Rebate Should Be Just the Beginning, (North County Times, July 11, 2001) (.PDF).
30. Is Price Gouging Really the Problem? (San Diego Union Tribune, July 27, 2001) (.PDF).
31. Designing a Competitive Wholesale Market that Benefits Consumers (.PDF).
32. Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market (.PDF).
33. Structural Econometric Modeling: Rationales and Examples from Industrial Organization" (.PDF)(Zip File Containing Tex Documents).
34. "Competition-Enhancing Local Market Power Mitigation in Wholesale Electricity Markets" Affidavit of Frank A. Wolak on behalf of
tHE Electricity Consumer Resource Council, The Transmission Dependent Utility Systems, Buckeye Power, Inc., Great River Energy,Wolverine Power Supply Cooperative, Ine., and East Texas Electric Cooperative, Inc.(.PDF).
35. Report on Brazilian Power Sector Reform (.PDF).
36. Measuring Unilateral Market Power in Wholesale Electricity Markets: The California Market 1998 to 2000 (.PDF).
37. Using Environmental Emissions Permit Prices to Raise Electricity
Prices: Evidence from the California Electricity Market(.PDF).
38. FERC's duty is clear: Order energy refunds for California
(San Jose Mercury News, March 28, 2003) (.PDF).
39. Designing Competitive Wholesale Markets for Latin American Countries,
(Report Prepared for OECD and IADB, June 20, 2003)(.PDF).
40. Diagnosing the California Electricity Crisis,
(.PDF).
41. Regulating Wholesale Markets in the Aftermath of the California Crisis,
(.PDF).
42. Upgrading Power Grid Could Lead to Lower Prices (San Jose Mercury News, August 28, 2003),
(.PDF).
43. American's Energy Future: Do We Need National Legislation to Get There? (Presentation to Stanford Alumni, October 18, 2003)
(.PDF).
44. Report on Monitoring Competition in the Central American Electricity Market (Prepared for the Inter-American Development Bank, March 17, 2004)
(.PDF).
45. International Experience with Electricity Market Monitoring
(.PDF).
46. The Benefits of an Electron Superhighway (SIEPR Policy Brief)
(.PDF).
47. Why California Gasoline Prices Are So High (Economics Department
Newsletter) (.PDF).
48. Local Market Power in the PJM Market (Report filed with United States Federal Energy Regulatory Commission in July 2003 Delmarva Congestion Proceeding)
(.PDF).
49. Designing a Retail Electricity Market That Enhances Wholesale Competition, Testimony to California Public Utilities Commission for Core/Non-Core Electric Market Structure Options: En Banc Hearing, 4/20/2004. (.PDF).
50. Reforming the Indian Electricity Supply Industry (.PDF).
51. Managing Unilateral Market Power in Electricity (.PDF).
52. Quantifying the Supply-Side Benefits from Forward Contracting in Wholesale Electricity Markets (.PDF).
53. Liquefied Natural Gas (LNG) is Essential to California's Energy Future (.PDF).
54. Arbitrage, Risk Management, and Market Manipulation: What Do Energy Traders Do and When it is Illegal? (Presentation to Stanford Parents, Febuary 26, 2005) (.PDF).
55. Residential Customer Response to Real-Time Pricing:
The Anaheim Critical-Peak Pricing Experiment, (.PDF).
56. The World Fossil Fuel Market and America's Energy Future (Presentation to Stanford Parents Association on February 25, 2006)
, (.PDF).
57. Lower Oil Price Volatility for a Smooth Transition to a Green Energy Future , (.PDF).
58. Unilateral Market Power in Wholesale Electricity Markets, (.PDF).
59. Why the United States Has Yet to Benefit from Electricity
Industry Re-structuring (And What Can Be Done to Change This), (Presentation at Western Power Trading Forum New York Meeting, July 11, 2006), (.PDF).
60. What Can California Hope to Achieve from AB32? The Economic Challenges to Implementing a Greenhouse Gas Emissions Cap, (Presentation to Stanford Energy Forum, October 25, 2006), (.PDF).
61. An Ethanol Policy that Benefits All Americans (SIEPR Policy Brief), (.PDF).
62. Managing Demand-Side Economic and Political Constraints
on Electricity Industry Re-structuring Processes, (.PDF).
63. A Comparison of Ex Ante versus Ex Post Vertical Market
Power: Evidence from the Electricity Supply Industry (.PDF).
64. Merger Analysis in Restructured Electricity Supply Industries: The Proposed PSEG and Exelon Merger (2006) (.PDF).
65. Making More from Less: Environmental Constraints and California's Future Electricity Investments (.PDF).
66. Economic Assessment of Transmission Upgrades: Application of the California ISO Approach (.PDF).
67. Low Carbon Fuel Standards: Do They Really Work? (.PDF).
68. Public Utility Pricing and Finance (Prepared for the New Palgrave Dictionary of Economics (2nd Edition) (.PDF).
69. Options for Short-Term Price Determination in the Brazilian
Wholesale Electricity Market: Report Prepared for Camara de
Comercializacao de Energia Eletrica (CCEE)(.PDF).
70. Don't Blame Energy Speculators for Rising Price of Crude Oil (San Jose Mercury News, August 4, 2008) (.PDF).
71. Why the United States Has Yet to Benefit from Electricity Re-structuring (And What Can Be Done to Change This) (Reed College Public Lecture, Portland, OR, Nov 13, 2008) (.PDF).
72. Balancing California's Energy Needs with Its Environmental Goals (Mercatus Institute California Winter Retreat, Sonoma, CA, Dec 6, 2008)
(.PDF).
73. Does China Underprice Its Oil Consumption?
(.PDF).
73. Regulating Competitoin in Wholesale Electricity Supply
(.PDF).
How to Contact:
Phone: 650-723-3944
FAX: 650-725-5702
4. Senate Committee on Government Affairs, November 12, 2002,
On the Lessons that Should Be Learned About Regulating Energy Markets from the California Electricity Crisis and the Enron Bankruptcy
5. House Committee on Oversight and Government Reform, February 28, 2008,
Implementing a Modern System of Regulation for the Postal Service under the Postal Accountability and Enhancement Act [.PDF].
Reports and Opininons of Market Surveillance Committee of California Independent System Operator
Recent Papers (In Postscript and .PDF formats)
To print a downloaded Postscript file, issue the command
copy file.name lpt1: /b
from a DOS prompt, where lpt1: is the device name for the Postscript printer and
file.name is the name of the file.
You can also obtain a copy of Ghostview which allows you to view and
print Postscript files from your browser. (click here to obtain a copy ).
An alternate approach is to download the .PDF files and use the Adobe Acrobat Reader to view and print the file. Adobe Acrobat Reader is available from Adobe.
Please note that a Postcript file cannot be viewed or printed from any standard wordprocessor.
1. Measuring Relative Market Power in the Western U.S. Coal Market Using Shapley Values [.PDF].
2. Why Do Firms Simultaneously Purchase in Spot and Contract Markets? Evidence from the United States Steam Coal Market [.PDF].
3. An Econometric Analysis of the Asymmetric Information Regulator Utility Interaction [.PDF].
4. Can Universal Service Survive in a Competitive Telecommunications
Environment? Evidence from the Consumer Expenditure Survey (Postcript)
(.PDF).
5. The Impact of Market Rules and Market Structure on the Price
Determination Process in the England and Wales Electricity Market (with
R.H. Patrick) [Postscript] [.PDF].
6. The Consumption and Welfare Impacts of Competitive
Telecommunications Supply: A Household-Level Analysis (Postscript) (.PDF).
7. Changes in the Household-Level Demand for Postal Delivery Services from
1986 to 2004 (.PDF).
8. Electric Substitution in the Household-Level Demand for Postal Delivery Services (non-technical summary of 4) (Postscript) (.PDF).
9. Competition and RBOC Revenues and Infrastructure Investment: The Case of Arkansas, California, Texas, New York and Illinois (.PDF).
10. Estimating the Customer-Level Demand for Electricity Under Real-Time Market Prices (with R.H. Patrick) (Postscript) (.PDF).
11. Market Design and the Behavior of Prices in Restructured Electricity Markets: An International Comparison (Postscript) (.PDF).
12. An Empirical Analysis of the Impact of Hedge Contracts on Bidding Behavior in a Competitive Electricity Market(Postscript) (.PDF).
13. Price-Cap Regulation and Its Use in Newly Privatized Industries(Postscript) (.PDF).
14. Diagnosing Market Power in California's Restructured Wholesale Electricity Market(.PDF).
15. Regulation and the Leverage of Local Market Power in the California Electricity Market(.PDF).
16. Report on Electricity Restructuring in Romania (Prepared for World Bank) (.PDF).
17. Designing and Monitoring a Regional Transmission Organization: Comments on FERC Order 2000, Presentation to Harvard Electricity Policy Group, St. Helena, CA, January 21, 2000(.PDF).
18. What When Wrong with California's Re-structured Electricity Market? (And How to Fix It)(.PDF).
19. Ten Myths About Competitive Electricity Markets: Lessons for Designing Congestion Management Protocols(.PDF).
20. Will FERC See the Light on the Law? (Los Angeles Times, 4/30/01(.PDF).
21. Want 10,000 megawatts? Use Variable Power Pricing (San Jose Mercury News, May 4, 2001)(.PDF).
22. A Comprehensive Market Power Mitigation Plan for the California Electricity Market(.PDF).
23. Analysis of "Order Proposing Remedies for California Wholesale Electric Markets (Issued November 1, 2000)" (with R. Nordhaus and C. Shapiro) (.PDF).
24. Proposed Market Monitoring and Mitigation Plan for California Electricity Market (.PDF).
25. Comments on "Staff Recommendation on Prospective Market Monitoring and Mitigation for the California Wholesale Electricity Market" (with R. Nordhaus)(.PDF).
26. FERC Fixes Have Fallen Short (San Jose Mercury News, June 20, 2001) ( .PDF).
27. Identification and Estimation of Cost Functions Using Observed Bid Data: An Application to Competitive Electricity Markets (.PDF).
28. Economists Letter to President Bush sent on May 29, 2001 (signed by Roger Bohn, Severin Borenstein, James Bushnell, Peter Cramton, Alfred Kahn, Paul Joskow, Alvin K. Klevorick, Robert Porter, Carl Shapiro, and Frank A. Wolak) (.PDF).
29. $9 Billion Rebate Should Be Just the Beginning, (North County Times, July 11, 2001) (.PDF).
30. Is Price Gouging Really the Problem? (San Diego Union Tribune, July 27, 2001) (.PDF).
31. Designing a Competitive Wholesale Market that Benefits Consumers (.PDF).
32. Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market (.PDF).
33. Structural Econometric Modeling: Rationales and Examples from Industrial Organization" (.PDF)(Zip File Containing Tex Documents).
34. "Competition-Enhancing Local Market Power Mitigation in Wholesale Electricity Markets" Affidavit of Frank A. Wolak on behalf of
tHE Electricity Consumer Resource Council, The Transmission Dependent Utility Systems, Buckeye Power, Inc., Great River Energy,Wolverine Power Supply Cooperative, Ine., and East Texas Electric Cooperative, Inc.(.PDF).
35. Report on Brazilian Power Sector Reform (.PDF).
36. Measuring Unilateral Market Power in Wholesale Electricity Markets: The California Market 1998 to 2000 (.PDF).
37. Using Environmental Emissions Permit Prices to Raise Electricity
Prices: Evidence from the California Electricity Market(.PDF).
38. FERC's duty is clear: Order energy refunds for California
(San Jose Mercury News, March 28, 2003) (.PDF).
39. Designing Competitive Wholesale Markets for Latin American Countries,
(Report Prepared for OECD and IADB, June 20, 2003)(.PDF).
40. Diagnosing the California Electricity Crisis,
(.PDF).
41. Regulating Wholesale Markets in the Aftermath of the California Crisis,
(.PDF).
42. Upgrading Power Grid Could Lead to Lower Prices (San Jose Mercury News, August 28, 2003),
(.PDF).
43. American's Energy Future: Do We Need National Legislation to Get There? (Presentation to Stanford Alumni, October 18, 2003)
(.PDF).
44. Report on Monitoring Competition in the Central American Electricity Market (Prepared for the Inter-American Development Bank, March 17, 2004)
(.PDF).
45. International Experience with Electricity Market Monitoring
(.PDF).
46. The Benefits of an Electron Superhighway (SIEPR Policy Brief)
(.PDF).
47. Why California Gasoline Prices Are So High (Economics Department
Newsletter) (.PDF).
48. Local Market Power in the PJM Market (Report filed with United States Federal Energy Regulatory Commission in July 2003 Delmarva Congestion Proceeding)
(.PDF).
49. Designing a Retail Electricity Market That Enhances Wholesale Competition, Testimony to California Public Utilities Commission for Core/Non-Core Electric Market Structure Options: En Banc Hearing, 4/20/2004. (.PDF).
50. Reforming the Indian Electricity Supply Industry (.PDF).
51. Managing Unilateral Market Power in Electricity (.PDF).
52. Quantifying the Supply-Side Benefits from Forward Contracting in Wholesale Electricity Markets (.PDF).
53. Liquefied Natural Gas (LNG) is Essential to California's Energy Future (.PDF).
54. Arbitrage, Risk Management, and Market Manipulation: What Do Energy Traders Do and When it is Illegal? (Presentation to Stanford Parents, Febuary 26, 2005) (.PDF).
55. Residential Customer Response to Real-Time Pricing:
The Anaheim Critical-Peak Pricing Experiment, (.PDF).
56. The World Fossil Fuel Market and America's Energy Future (Presentation to Stanford Parents Association on February 25, 2006)
, (.PDF).
57. Lower Oil Price Volatility for a Smooth Transition to a Green Energy Future , (.PDF).
58. Unilateral Market Power in Wholesale Electricity Markets, (.PDF).
59. Why the United States Has Yet to Benefit from Electricity
Industry Re-structuring (And What Can Be Done to Change This), (Presentation at Western Power Trading Forum New York Meeting, July 11, 2006), (.PDF).
60. What Can California Hope to Achieve from AB32? The Economic Challenges to Implementing a Greenhouse Gas Emissions Cap, (Presentation to Stanford Energy Forum, October 25, 2006), (.PDF).
61. An Ethanol Policy that Benefits All Americans (SIEPR Policy Brief), (.PDF).
62. Managing Demand-Side Economic and Political Constraints
on Electricity Industry Re-structuring Processes, (.PDF).
63. A Comparison of Ex Ante versus Ex Post Vertical Market
Power: Evidence from the Electricity Supply Industry (.PDF).
64. Merger Analysis in Restructured Electricity Supply Industries: The Proposed PSEG and Exelon Merger (2006) (.PDF).
65. Making More from Less: Environmental Constraints and California's Future Electricity Investments (.PDF).
66. Economic Assessment of Transmission Upgrades: Application of the California ISO Approach (.PDF).
67. Low Carbon Fuel Standards: Do They Really Work? (.PDF).
68. Public Utility Pricing and Finance (Prepared for the New Palgrave Dictionary of Economics (2nd Edition) (.PDF).
69. Options for Short-Term Price Determination in the Brazilian
Wholesale Electricity Market: Report Prepared for Camara de
Comercializacao de Energia Eletrica (CCEE)(.PDF).
70. Don't Blame Energy Speculators for Rising Price of Crude Oil (San Jose Mercury News, August 4, 2008) (.PDF).
71. Why the United States Has Yet to Benefit from Electricity Re-structuring (And What Can Be Done to Change This) (Reed College Public Lecture, Portland, OR, Nov 13, 2008) (.PDF).
72. Balancing California's Energy Needs with Its Environmental Goals (Mercatus Institute California Winter Retreat, Sonoma, CA, Dec 6, 2008)
(.PDF).
73. Does China Underprice Its Oil Consumption?
(.PDF).
73. Regulating Competitoin in Wholesale Electricity Supply
(.PDF).
How to Contact:
Phone: 650-723-3944
FAX: 650-725-5702
Reports and Opininons of Market Surveillance Committee of California Independent System Operator
Recent Papers (In Postscript and .PDF formats)
To print a downloaded Postscript file, issue the command
copy file.name lpt1: /b
from a DOS prompt, where lpt1: is the device name for the Postscript printer and
file.name is the name of the file.
You can also obtain a copy of Ghostview which allows you to view and
print Postscript files from your browser. (click here to obtain a copy ).
An alternate approach is to download the .PDF files and use the Adobe Acrobat Reader to view and print the file. Adobe Acrobat Reader is available from Adobe.
Please note that a Postcript file cannot be viewed or printed from any standard wordprocessor.
Recent Papers (In Postscript and .PDF formats)
To print a downloaded Postscript file, issue the command
copy file.name lpt1: /b
from a DOS prompt, where lpt1: is the device name for the Postscript printer and
file.name is the name of the file.
You can also obtain a copy of Ghostview which allows you to view and
print Postscript files from your browser. (click here to obtain a copy ).
An alternate approach is to download the .PDF files and use the Adobe Acrobat Reader to view and print the file. Adobe Acrobat Reader is available from Adobe.
An alternate approach is to download the .PDF files and use the Adobe Acrobat Reader to view and print the file. Adobe Acrobat Reader is available from Adobe.