Faculty & Research

Faculty and Executive Leadership Directory

Severin Borenstein

E.T. Grether Chair in Business Administration and Public Policy
Faculty Director, Energy Institute at Haas
Haas Economic Analysis and Policy Group
Energy Institute at Haas
Email: click on the envelope icon below for full email address
Academic Status: On duty
Office Hours: By appointment, F661
Personal Homepage: http://faculty.haas.berkeley.edu/borenste/
Curriculum Vitae (in PDF format, Acrobat Reader required)


PhD, Economics, Massachusetts Institute of Technology
BA, Economics, UC Berkeley

Positions Held

At Haas since 1996

2000 – present, E.T. Grether Chair in Business Administration and Public Policy

1996 – present, Professor, Haas School of Business

1994 – 2014, Director, University of California Energy Institute

1994 – 1996, Professor of Economics, Department of Economics, UC Davis

1990 – 1994, Associate Professor of Economics, Department of Economics, UC Davis

1983 – 1990, Assistant Professor of Economics and Public Policy, Department of Economics and Institute of Public Policy Studies, University of Michigan

1978 – 1979, Staff Economist, Office of Economic Analysis, US Civil Aeronautics Board

External Service and Assignments

  • 2015 – 2017 Chair, Petroleum Market Advisory Committee, California Energy Commission
  • 2015 – present Member, Bay Area Air Quality Management District, Advisory Council
  • 2012 – 2013 Member, Emissions Market Assessment Committee, California Air Resources Board
  • 2010 – 2011 Member, U.S. Department of Transportation, Future of Aviation Advisory Committee
  • 1997 – 2003 Member, Governing Board of California Power Exchange Corporation
  • 1995 – 2000 Editor, Journal of Industrial Economics
  • Past co-editor or editorial board member: Editorial Board Member, American Economic Journal: Economic Policy, Journal of Economic Literature, Journal of the Association of Environmental and Resource Economists, Review of Economics & Statistics, International Journal of Industrial Organization, Journal of Industrial Economics
  • 1992 – present 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

Selected Papers and Publications

  • “Expecting the Unexpected:  Emissions Uncertainty and Environmental Market Design,” Energy Institute at Haas Working Paper #274, Revised June 2018 (joint with James Bushnell, Frank A. Wolak, and Matthew Zaragoza-Watkins)
  • “The U.S. Electricity Industry After 20 Years of Restructuring,” Annual Review of Economics, 2015, 7  (joint with James Bushnell)
  • “The Trouble with Electricity Markets: Understanding California’s Restructuring Disaster,” Journal of Economic Perspectives 16 (Winter 2002)
  • “Measuring Market Inefficiencies in California’s Restructured Wholesale Electricity Market,” with James Bushnell and Frank Wolak. American Economic Review 92 (December 2002)
  • “Competition and Price Dispersion in the U.S. Airline Industry,” (with Nancy Rose), Journal of Political Economy, 103(August 1994)
  • “Hubs and High Fares: Dominance and Market Power in the U.S. Airline Industry,” Rand Journal of Economics, 20 (Autumn 1989)

Honors and Awards

  • International Association for Energy Economics, Outstanding Contributions to the Profession Award, 2015
  • Distinguished Fellow of the Industrial Organization Society, 2015
  • Distinguished Faculty Mentoring Award (for graduate student mentoring), UC Berkeley, 2005
  • Distinguished Service Award, Public Utility Research Center, University of Florida, 2005
  • Earl F. Cheit Award for Excellence in Teaching, Full-Time MBA Program, 1997 and 2016
  • Michigan Economic Society Undergraduate Teaching Award, Fall 1987
  • National Science Foundation Research Grant #SES-8711576. “Efficiency in the Allocation of Operating Licenses.” 1987-90

Faculty Directory: Alphabetical Listing
Faculty Directory: Listing by Department

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