Severin Borenstein

professor of business

Severin Borenstein is E.T. Grether Professor of Business Administration and Public Policy at the Haas School of Business and a research associate of the Energy Institute at Haas, as well as affiliated professor of Agricultural and Resource Economics and the Energy and Resources Group at UC Berkeley. He is also director emeritus of the University of California Energy Institute and the Energy Institute at Haas. Borenstein has been a research associate of the National Bureau of Economic Research (NBER), in Cambridge, Mass., since 1992. Prior to coming to Haas in 1996, he taught at the University of Michigan and UC Davis. He has won awards for undergraduate and graduate teaching, as well as for graduate-student mentoring (2005). Borenstein's research focuses broadly on business competition, strategy and regulation. He has published extensively on airline, oil and gasoline and electricity markets, and on the insurance, e-commerce, mining, natural gas and other industries. His recent research has focused on competition and profitability in the airline industry, the impact of oil prices on gasoline markets, alternative models of retail electricity pricing, and the economics of renewable energy and climate change. Borenstein is a past editor of the Journal of Industrial Economics, past associate editor of The Review of Economics and Statistics and past editorial board member of the American Economic Journal: Economic Policy and the Journal of Economic Literature. He co-edits the Journal of the Association of Environmental and Resource Economists. During 1997-2003, Borenstein served on the governing board of the California Power Exchange. In 2010-11, he was a member of U.S. Secretary of Transportation Ray LaHood's Future of Aviation Advisory Committee. In 2012-13, he served on the Emissions Market Assessment Committee, advising the California Air Resources Board on the state's cap-and-trade market for greenhouse gases. Since 2014, he has been a member of the California Energy Commission’s Petroleum Market Advisory Committee. Borenstein speaks frequently in academic seminars, policy meetings, and to civic organizations. He has received a distinguished-service award from the Public Utility Research Center at the University of Florida (2005), the Power Association of Northern California 2014 Achievement Award and the Industrial Organization Society’s 2015 Distinguished Fellow Award. Borenstein created several simulation games, including the Competitive Strategy Game, the Electricity Strategy Game and the OPEC Game. His educational software is available free of charge to instructors at non-profit colleges and universities. Borenstein grew up in Oakland and Berkeley, where he attended public schools and graduated from Berkeley High School. He received his undergraduate degree from UC Berkeley and Ph.D. in economics from MIT.