James Bushnell



(530) 752-3129


(530) 752-9832


Dept. of Economics
University of California, Davis
One Shields Ave.
Davis, CA 95616




Curriculum Vitae (in PDF format, Acrobat Reader required)







1993 Ph. D., Industrial Engineering and Operations Research, University of California, Berkeley.

1990 M.S., Operations Research, University of California, Berkeley.

1989 B.S., Industrial Engineering, University of Wisconsin - Madison

Research Interests

  • Industrial Organization and Regulation
  • Environmental Economics
  • Energy Policy
  • Game Theoretic Optimization Models

Academic Appointments

2015 - Professor, Department of Economics, UC Davis.

2011-2015 Associate Professor, Department of Economics, UC Davis.

2009-2011 Associate Professor and Cargill Chair in Energy Economics, Dept. of Economics, Iowa State University.

1993-2009 Research Director, University of California Energy Institute, Co-Director, Center for the Study of Electricity Markets

1999-2009 Lecturer, Haas School of Business

Other Professional Activities

2007-Present Research Fellow, National Bureau of Economic Research.

2006-Present Associate Editor, Operations Research.

2002-Present Member, Market Surveillance Committee, California ISO.

1999-2000 Member, Market Monitoring Committee, California Power Exchange.

1996-2000 Associate Editor, Utilities Policy.

Journal Publications


Book Chapters

“The Economics of Carbon Offsets.” In The Design and Implementation of U.S. Climate Policy.  Don Fullerton and Catherine Wolfram. Eds. University of Chicago Press. 2012.

“Building Blocks: Investment in Renewable and Non-Renewable Resources.” In Harnessing Renewable Energy in Electric Power Systems. Boaz Moselle, Jorge Padilla, and Richard Schmalansee, Eds. Resources for the Future Press.  Washington, DC.  2010.

“The Guy at the Controls: Labor Quality and Power Plant Efficiency.” In International Differences in the Business Practices and Productivity of Firms. Richard Freeman and Kathryn Shaw, Eds.  University of Chicago Press.   2009. (with Catherine Wolfram)

"Electricity Markets," New Palgrave Dictionary of Economics and the Law. Steven N. Durlauf and Lawrence E. Blume, eds. Palgrave Macmillion. 2008. (with Catherine Wolfram)

"Looking for Trouble: Competition Policy in the U.S. Electricity Industry." Chapter 6 in Electricity Restructuring: Choices and Challenges. S. Puller and J. Griffen, Eds.  University of Chicago Press.


Current Working Papers


  1. James Bushnell, Stephen Holland, Jon Hughes, and Chris Knittel.  “State-level Strategic Policy Choice: The EPA’s Clean Power Plan.” Davis Energy Economics Program Working Paper 02.  June 2015.
  2. Severin Borenstein, James Bushnell, Frank A. Wolak, and Matthew Zaragoza-Watkins, "Report of the Market Simulation Group on Competitive Supply/Demand Balance in the California Allowance Market and the Potential for Market Manipulation" (July 2014)
  3. Severin Borenstein, James Bushnell, Frank A. Wolak, and Matthew Zaragoza-Watkins, "Expecting the Unexpected: Emissions Uncertainty and Environmental Market Design." (January 2014).
  4. James Bushnell "Adverse Selection of Emissions Offsets."WP-222, Energy Institute at Haas. University of California Energy Institute, September 2011.
  5. James Bushnell, Carla Peterman, Catherine Wolfram, "California's Greenhouse Gas Policies: Local Solutions to a Global Problem?" CSEM-166. University of California Energy Institute. April 2007.
  6. James B Bushnell and Jun Ishii. "A Dynamic Model of Investment in a Restructured Electricity Industry." CSEM-164. University of California Energy Institute. January, 2007.
  7. James B. Bushnell and Catherine Wolfram, "Ownership Change, Incentives and Plant Efficiency: The Divestiture of U.S. Electric Generation Plants." CSEM-140. University of California Energy Institute, March 2005
  8. James Bushnell, Severin Borenstein, and Matt Lewis. Market Power in California's Gasoline Market. CSEM-132, May 2004.
  9. James Bushnell and Celeste Saravia. An Empirical Assessment of the Competitiveness of the New England Electricity Market. CSEM-101, January 2002.