Area of Study / Keywords

Energy Economics Industrial Organization Regulation

About

David Brown holds a Canada Research Chair in Energy Economics & Policy at the University of Alberta. His research lies at the intersection of energy economics, industrial organization, and regulatory policy. In particular, David's research analyzes the effects of regulatory policies on the performance of electricity markets. This includes research that measures market power execution in wholesale power markets; analyzes the impacts of mergers and market structure changes; designing regulations to motivate utilities to invest in cost-effective distributed energy resources; and analyzing the distributional impacts of emerging technologies. The objective of his work is to gain insights into the impact of imperfect competition on market outcomes and to design regulatory policies to improve the operation of electricity markets. 

Research

Primary Fields: Energy Economics, Industrial Organization, and Regulation

Secondary Fields: Applied Econometrics and Environmental Economics

Publications:

1. "Pricing Patterns in Wholesale Electricity Markets: Unilateral Market Power or Coordinated Behavior?" Journal of Industrial Economics, Forthcoming (with Andrew Eckert) 
2. "Vertical Integration and Capacity Investment in the Electricity Sector" Journal of Economics and Management Strategy, Forthcoming (with David Sappington)
3. "On the Profitability of Self-Sabotage" Canadian Journal of Economics, March 2021 (David Sappington).
4. "Analyzing Firm Behaviour in Restructured Electricity Markets: Empirical Challenges with a Residual Demand Analysis" International Journal of Industrial Organization, January 2021 (with Andrew Eckert).
5. "Residential Electricity Pricing in Texas's Competitive Retail Market" Energy Economics, October 2020 (with C.H. Tsai, CK Woo, Jay Zarnikau, and S. Zhu).
6. "Rising Market Concentration in Texas's Retail Electricity Market," The Electricity Journal, October 2020 (J. Zarnikau, P. Adib, C.H. Tsai, and CK Woo).
7. "Does Locational Marginal Pricing Impact Generation Investment Location Decisions? An Analysis of Texas's Electricity Market", Journal of Regulatory Economics, August 2020 (with Chi-Keung Woo and Jay Zarnikau).
8. "On the Benefits of Behind-the-Meter Rooftop Solar and Energy Storage: The Importance of Retail Rate Design" Energy Economics, February 2020 (with Richard Boampong).
9. "Procuring Electric Storage as a Transmission Asset" The Electricity Journal, April 2020 (with David Sappington).
10. "Imperfect Competition in Electricity Markets with Renewable Generation: The Role of Renewable Compensation Policies" The Energy Journal, Spring 2020 (with Andrew Eckert).
11. "Motivating the Optimal Procurement and Deployment of Electric Storage as a Transmission Asset" Energy Policy, January 2020 (with David Sappington).
12. "Employing Simple Cost-Sharing Policies to Motivate the Efficient Implementation of Distributed Energy Resources" Energy Economics, June 2019 (with David Sappington).
13. "Information and Transparency in Wholesale Electricity Markets: Evidence from Alberta'' Journal of Regulatory Economics, December 2018 (with Andrew Eckert and James Lin). 
14. "Optimal Procurement of Distributed Energy Resources" The Energy Journal, Summer 2018 (with David Sappington).
15. "Capacity Payment Mechanisms and Investment Incentives in Restructured Electricity Markets," Energy Economics, August 2018.
16. "The Effect of Default Rates on Retail Competition and Pricing Decisions of Competitive Retailers: The Case of Alberta" Energy Policy, July 2018 (with Andrew Eckert).
17. "Carbon Pricing with an Output Subsidy under Imperfect Competition: The Case of Alberta's Restructured Electricity Market" Resource and Energy Economics, May 2018 (with Andrew Eckert and Heather Eckert).
18. "Capacity Market Design: Motivation and Challenges in Alberta's Electricity Market," University of Calgary School of Public Policy, Briefing Paper Series, March 2018. 
19. "Analyzing Electricity Market Structure Changes and Mergers: The Importance of Forward Commitments" Review of Industrial Organization, February 2018 (with Andrew Eckert).
20. "The Effect of Subsidized Entry on Capacity Auctions and the Long-Run Resource Adequacy of Electricity Markets" Energy Economics, January 2018.
21. "On the Role of Maximum Demand Charges in the Presence of Distributed Generation Resources" Energy Economics, January 2018 (with David Sappington). 
22. “Optimal Policies to Promote Efficient Distributed Generation of Electricity” Journal of Regulatory Economics, October 2017 (with David Sappington).
23. "Measuring Market Power and the Efficiency of Alberta's Restructured Electricity Market: An Energy-Only Design" Canadian Journal of Economics, August 2017 (with Derek Olmstead).
24. "Mergers with Endogenous Forward Contracting" Journal of Regulatory Economics, June 2017  (with Andrew Eckert).
25. “Electricity Markets in Transition: Market Distortions Associated with Retail Price Controls" The Electricity Journal, June 2017 (with Andrew Eckert and Heather Eckert). 
26. "Designing Compensation for Distributed Solar Generation: Are Common Net Metering Policies Optimal?" The Energy Journal, Spring 2017 (with David Sappington). 
27. "On the Optimal Design of Demand Response Policies," Journal of Regulatory Economics, June 2016 (with David Sappington).
28. "Effects of an Integrated Care System on Children with Special Healthcare Needs' Medicaid Expenditures," The American Journal of Managed Care, April 2016 (with Marcu, M., Knapp, C., Madden, V. and H. Wang). 
29. "Using Bayesian Imputation to Assess Racial and Ethnic Disparities in Pediatric Performance Measures," Health Services Research, October 2015, pp. 1 - 14 (with Knapp, C. and M. Kaufmann). 

Working Papers:

"The Impacts of Load Following Contracts" (with David Sappington) (Under Review)

"Disparities in Residential Battery Storage Adoption: Evidence from California" (Under Review)



Permanent Working Papers:

"Self-Sabotage in the Procurement of Distributed Energy Resources" (with David Sappington)

Work in Progress:

"Procurement Auctions for Regulated Retail Service Contracts" (with Andrew Eckert and Derek Olmstead)

"Capital versus Energy Subsidies: Survey Evidence from China" (with Andrew Eckert and Jingchao Zhang)

"Interaction of Wholesale Market Power and Ancillary Service Markets" (with Andrew Eckert and Douglas Silveira)

"Impacts of Power Outages on Solar plus Storage Adoption: Evidence from California’s Public Safety Power Shutoffs" (with Lucija Muehlenbachs)

"Central Control Versus Pricing: A Demand Response Experiment" (with Blake Shaffer, Megan Bailey, Frank Wolak)

Technical Appendices:

"The Impacts of Load Following Contracts" (with David Sappington).

"Pricing Patterns in Wholesale Electricity Markets: Unilateral Market Power or Coordinated Behaviour?" (with Andrew Eckert).

"Analyzing Firm Behaviour in Restructured Electricity Markets: Empirical Challenges with a Residual Demand Analysis" (with Andrew Eckert).

"Vertical Integration and Capacity Investment in the Electricity Sector" (with David Sappington).

"Imperfect Competition in Electricity Markets with Renewable Generation: The Role of Renewable Compensation Policies" (with Andrew Eckert).

"On the Benefits of Behind-the-Meter Rooftop Solar and Energy Storage: The Importance of Retail Rate Design" (with Richard Boampong).

"Information and Transparency in Wholesale Electricity Markets: Evidence from Alberta" (with Andrew Eckert and James Lin)

"Imperfect Competition in Electricity Markets with Renewable Generation: The Role of Renewable Compensation Policies" (with Andrew Eckert)

"Employing Simple Cost-Sharing Policies to Motivate the Efficient Implementation of Distributed Energy Resources" (with David Sappington)

"Self-Sabotage in the Procurement of Distributed Energy Resources" (with David Sappington)

"Optimal Procurement of Distributed Energy Resources" (with David Sappington)

"Mergers with Endogenous Forward Contracting" (with Andrew Eckert) 

"On the Role of Maximum Demand Charges in the Presence of Distributed Generation Resources'" (with David Sappington) 

"Measuring Market Power and the Efficiency of Alberta's Restructured Electricity Market: An Energy-Only Market Design" (with Derek Olmstead)

"Designing Compensation for Distributed Solar Generation: Are Common Net Metering Policies Optimal?" (with David Sappington)

"Capacity Payment Mechanisms and Investment Incentives in Restructured Electricity Markets"

"Promoting Efficient Distributed Generation of Electricity" (with David Sappington)

"On the Optimal Design of Demand Response Policies" (with David Sappington)

Teaching

Winter 2021

ECON 471 - Strategic Behavior of the Firm

ECON 384 - Intermediate Microeconomic Theory II