Frank Wolak

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

41

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186

Scholarly Papers (41)

1.

A Comparison of Ex Ante versus Ex Post Vertical Market Power: Evidence from the Electricity Supply Industry

Number of pages: 48 Posted: 24 Oct 2008 Last Revised: 30 Mar 2013
Joshua S. Gans and Frank Wolak
University of Toronto - Rotman School of Management and National Bureau of Economic Research (NBER)
Downloads 372 (166,054)
Citation 13

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vertical integration, electricity markets, contracts, market power

2.

Can Forward Commodity Markets Improve Spot Market Performance? Evidence from Wholesale Electricity

Number of pages: 121 Posted: 29 Apr 2020 Last Revised: 13 Jun 2022
Akshaya Jha and Frank Wolak
Carnegie Mellon University and National Bureau of Economic Research (NBER)
Downloads 335 (186,196)

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Wholesale Electricity Markets, Virtual Bidding, Financial Trading, Forward Commodity Markets, Transaction Costs

3.

Lessons from International Experience with Electricity Market Monitoring

World Bank Policy Research Working Paper No. 3692
Number of pages: 23 Posted: 13 Sep 2005
Frank Wolak
National Bureau of Economic Research (NBER)
Downloads 284 (221,771)
Citation 4

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4.

Search with Learning in the Retail Gasoline Market

Number of pages: 64 Posted: 26 May 2021 Last Revised: 24 Aug 2022
University of Melbourne, Clemson University - John E. Walker Department of Economics and National Bureau of Economic Research (NBER)
Downloads 268 (235,313)
Citation 3

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consumer search, consumer learning, dynamic discrete choice model, asymmetric price adjustment, gasoline

Electricity Markets: Designing Auctions Where Suppliers Have Uncertain Costs

USAEE Working Paper No. 16-251
Number of pages: 38 Posted: 24 Mar 2016
Par Holmberg and Frank Wolak
Research Institute of Industrial Economics (IFN) and National Bureau of Economic Research (NBER)
Downloads 141 (423,505)
Citation 10

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cost uncertainty, asymmetric information, uniform-price auction, discriminatory pricing, Bertrand game, market transparency, wholesale electricity market, treasury auction, Bayesian Nash equilibria

Electricity Markets: Designing Auctions Where Suppliers Have Uncertain Costs

IFN Working Paper No. 1099
Number of pages: 39 Posted: 20 Dec 2015 Last Revised: 10 Apr 2016
Par Holmberg and Frank Wolak
Research Institute of Industrial Economics (IFN) and National Bureau of Economic Research (NBER)
Downloads 126 (463,839)

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cost uncertainty, asymmetric information, uniform-price auction, discriminatory pricing, Bertrand game, market transparency, wholesale electricity market, treasury auction, Bayesian Nash equilibria

6.

Increasing the Energy Cognizance of Electricity Consumers in Mexico: Results From a Field Experiment

Number of pages: 47 Posted: 09 Aug 2018 Last Revised: 24 Mar 2020
Stanford University - Program on Energy and Sustainable Development, Monash University - Department of Economics, National Bureau of Economic Research (NBER), Universidad Popular Autónoma del Estado de Puebla (UPAEP) and Stanford University - Program on Energy and Sustainable Development
Downloads 259 (243,528)

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Information Provision, Energy Demand, Energy Reform, Electricity Tariffs, Field Experiment

7.

Regulation and the Leverage of Local Market Power in the California Electricity Market

UC Berkeley, Competition Policy Center No. CPC00-13
Number of pages: 52 Posted: 20 Feb 2004
James Bushnell and Frank Wolak
University of California - Energy Institute and National Bureau of Economic Research (NBER)
Downloads 253 (249,432)
Citation 17

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California electricity market, reliability must-run contract, pricing

8.

Managing Unilateral Market Power in Electricity

World Bank Policy Research Working Paper No. 3691
Number of pages: 27 Posted: 13 Sep 2005
Frank Wolak
National Bureau of Economic Research (NBER)
Downloads 231 (272,665)

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9.

Estimating the Customer-Level Demand for Electricity Under Real-Time Market Prices

NBER Working Paper No. w8213
Number of pages: 76 Posted: 29 Mar 2001 Last Revised: 31 Mar 2001
Robert H. Patrick and Frank Wolak
Rutgers University and National Bureau of Economic Research (NBER)
Downloads 156 (389,565)
Citation 3

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10.

Strategic Use of Antidumping Law to Enforce Tacit International Collusion

NBER Working Paper No. w3016
Number of pages: 43 Posted: 04 Jul 2004 Last Revised: 30 Sep 2022
Robert W. Staiger and Frank Wolak
Stanford University and National Bureau of Economic Research (NBER)
Downloads 154 (393,713)
Citation 1

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11.

The Impact of Market Rules and Market Structure on the Price Determination Process in the England and Wales Electricity Market

NBER Working Paper No. w8248
Number of pages: 88 Posted: 20 Apr 2001 Last Revised: 17 Jul 2022
Frank Wolak and Robert H. Patrick
National Bureau of Economic Research (NBER) and Rutgers University
Downloads 149 (404,533)
Citation 1

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12.

Identification and Estimation of Cost Functions Using Observed Bid Data: An Application to Electricity Markets

NBER Working Paper No. w8191
Number of pages: 64 Posted: 24 Mar 2001 Last Revised: 20 Nov 2022
Frank Wolak
National Bureau of Economic Research (NBER)
Downloads 145 (413,449)
Citation 8

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13.

Diagnosing Market Power in California's Restructured Wholesale Electricity Market

NBER Working Paper No. w7868
Number of pages: 53 Posted: 01 Sep 2000 Last Revised: 03 Jul 2022
University of California, Berkeley - Economic Analysis & Policy Group, University of California - Energy Institute and National Bureau of Economic Research (NBER)
Downloads 145 (413,449)
Citation 44

Abstract:

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14.

Assessing Opportunities for Solar Lanterns to Improve Educational Outcomes in Rural Off-Grid Regions: Challenges and Lessons from a Randomized Controlled Trial

Number of pages: 80 Posted: 15 Dec 2018
Stanford University - Program on Energy and Sustainable Development, Stanford University - Program on Energy and Sustainable Development, National Bureau of Economic Research (NBER), Independent and Acumen, LLC
Downloads 140 (425,065)
Citation 5

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Energy Access; Education; Solar Lamps; Randomized Controlled Trial; Africa; Zambia

Fast, "Robust", and Approximately Correct: Estimating Mixed Demand Systems

NBER Working Paper No. w25726
Number of pages: 83 Posted: 08 Apr 2019 Last Revised: 17 Apr 2023
Bernard Salanie and Frank Wolak
Columbia University - Graduate School of Arts and Sciences - Department of Economics and National Bureau of Economic Research (NBER)
Downloads 136 (436,044)
Citation 2

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Fast, 'Robust', and Approximately Correct: Estimating Mixed Demand Systems

CEPR Discussion Paper No. DP13236
Number of pages: 83 Posted: 15 Oct 2018 Last Revised: 31 Oct 2018
Bernard Salanie and Frank Wolak
Columbia University - Graduate School of Arts and Sciences - Department of Economics and National Bureau of Economic Research (NBER)
Downloads 2 (1,327,461)
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demand systems, discrete choice, industrial organization

16.

(Machine) Learning from the COVID-19 Lockdown about Electricity Market Performance with a Large Share of Renewables

USAEE Working Paper No. 20-478
Number of pages: 38 Posted: 18 Nov 2020
Christoph Graf, Federico Quaglia and Frank Wolak
Stanford University - Department of Economics, Stanford University - Program on Energy and Sustainable Development and National Bureau of Economic Research (NBER)
Downloads 129 (453,477)
Citation 6

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Net demand shock, Re-dispatch market power, Real-time grid operation, Machine Learning, European electricity market

17.

An Empirical Analysis of the Impact of Hedge Contracts on Bidding Behavior

NBER Working Paper No. w8212
Number of pages: 54 Posted: 31 Mar 2001 Last Revised: 11 Dec 2022
Frank Wolak
National Bureau of Economic Research (NBER)
Downloads 118 (485,787)

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18.

Locational Marginal Network Tariffs for Intermittent Renewable Generation

Number of pages: 42 Posted: 16 Dec 2019
Thomas Tangerås and Frank Wolak
Research Institute of Industrial Economics (IFN) and National Bureau of Economic Research (NBER)
Downloads 116 (492,112)
Citation 1

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Ancillary Services Costs, Efficiency, Locational Marginal Network Tariffs, Renewable Electricity Generation, System Stability

Benchmark Regulation of Multiproduct Firms: An Application to the Rail Industry

NBER Working Paper No. 25268
Number of pages: 43 Posted: 11 Dec 2018
Wesley W. Wilson and Frank Wolak
University of Oregon - Department of Economics and National Bureau of Economic Research (NBER)
Downloads 59 (749,158)

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Benchmark, Regulation, Railroads, Nonparametric

Benchmark Regulation of Multiproduct Firms: An Application to the Rail Industry

NBER Working Paper No. w25268
Number of pages: 43 Posted: 19 Nov 2018 Last Revised: 17 Jul 2023
Wesley W. Wilson and Frank Wolak
University of Oregon - Department of Economics and National Bureau of Economic Research (NBER)
Downloads 48 (825,247)

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20.

Regulatory Barriers to Lowering the Carbon Content of Energy Services

Ewing Marion Kauffman Foundation Research Paper
Number of pages: 8 Posted: 13 May 2010
Frank Wolak
National Bureau of Economic Research (NBER)
Downloads 105 (529,377)

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regulatory barriers, commercialization, clean energy

21.

Measuring Industry Specific Protection: Antidumping in the United States

NBER Working Paper No. w4696
Number of pages: 73 Posted: 30 Dec 2000 Last Revised: 02 Nov 2022
Robert W. Staiger and Frank Wolak
Stanford University and National Bureau of Economic Research (NBER)
Downloads 105 (529,377)
Citation 10

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22.

Expecting the Unexpected: Emissions Uncertainty and Environmental Market Design

NBER Working Paper No. w20999
Number of pages: 66 Posted: 09 Mar 2015 Last Revised: 19 May 2023
University of California, Berkeley - Economic Analysis & Policy Group, University of California, Davis - Departments of Economics and Agricultural Resource Economics, National Bureau of Economic Research (NBER) and Massachusetts Institute of Technology (MIT) - Center for Energy and Environmental Policy Research (CEEPR)
Downloads 92 (577,952)
Citation 31

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23.

The Effect of Domestic Antidumping Law in the Presence of Foreign Monopoly

NBER Working Paper No. w3254
Number of pages: 44 Posted: 18 Apr 2007 Last Revised: 29 Nov 2022
Robert W. Staiger and Frank Wolak
Stanford University and National Bureau of Economic Research (NBER)
Downloads 91 (581,862)
Citation 3

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24.

High Frequency Evidence on the Demand for Gasoline

NBER Working Paper No. w22345
Number of pages: 53 Posted: 20 Jun 2016 Last Revised: 23 Jul 2023
Laurence Levin, Matthew S. Lewis and Frank Wolak
VISA Decision Sciences, Clemson University - John E. Walker Department of Economics and National Bureau of Economic Research (NBER)
Downloads 88 (593,733)
Citation 15

Abstract:

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25.

Differences in the Uses and Effects of Antidumping Law Across Import Sources

NBER Working Paper No. w4846
Number of pages: 54 Posted: 02 Jan 2007 Last Revised: 30 Sep 2022
Robert W. Staiger and Frank Wolak
Stanford University and National Bureau of Economic Research (NBER)
Downloads 78 (636,707)

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26.

Simplified Electricity Market Models with Significant Intermittent Renewable Capacity: Evidence from Italy

NBER Working Paper No. w27262
Number of pages: 52 Posted: 02 Jun 2020 Last Revised: 29 Jun 2023
Christoph Graf, Federico Quaglia and Frank Wolak
Stanford University - Department of Economics, Stanford University - Program on Energy and Sustainable Development and National Bureau of Economic Research (NBER)
Downloads 77 (641,184)

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27.

Level Versus Variability Trade-Offs in Wind and Solar Generation Investments: The Case of California

NBER Working Paper No. w22494
Number of pages: 64 Posted: 08 Aug 2016 Last Revised: 19 Jun 2022
Frank Wolak
National Bureau of Economic Research (NBER)
Downloads 75 (650,452)
Citation 1

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28.

Designing Nonlinear Price Schedules for Urban Water Utilities to Balance Revenue and Conservation Goals

NBER Working Paper No. w22503
Number of pages: 41 Posted: 16 Aug 2016 Last Revised: 28 Jun 2023
Frank Wolak
National Bureau of Economic Research (NBER)
Downloads 66 (695,155)

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29.

Breaking Routine for Energy Savings: An Appliance-Level Analysis of Small Business Behavior Under Dynamic Prices

NBER Working Paper No. w27263
Number of pages: 66 Posted: 02 Jun 2020 Last Revised: 13 Aug 2023
Jiyong Eom and Frank Wolak
College of Business, Korea Advanced Institute of Science and Technology (KAIST) and National Bureau of Economic Research (NBER)
Downloads 61 (722,798)

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30.

Can Financial Participants Improve Price Discovery and Efficiency in Multi-Settlement Markets with Trading Costs?

NBER Working Paper No. w25851
Number of pages: 72 Posted: 22 May 2019 Last Revised: 19 Feb 2023
Akshaya Jha and Frank Wolak
Carnegie Mellon University and National Bureau of Economic Research (NBER)
Downloads 57 (746,289)
Citation 1

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31.

The Evidence from California on the Economic Impact of Inefficient Distribution Network Pricing

NBER Working Paper No. w25087
Number of pages: 39 Posted: 24 Sep 2018 Last Revised: 20 Jul 2023
Frank Wolak
National Bureau of Economic Research (NBER)
Downloads 56 (752,586)
Citation 1

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32.

Can Incentives to Increase Electricity Use Reduce the Cost of Integrating Renewable Resources

NBER Working Paper No. w25615
Number of pages: 59 Posted: 29 Jun 2020 Last Revised: 29 Jun 2023
University of Copenhagen, University of Copenhagen - Institute of Food and Resource Economics, University of Copenhagen and National Bureau of Economic Research (NBER)
Downloads 48 (806,104)
Citation 4

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33.

Measuring the Impact of Own and Others’ Experience on Project Costs in the U.S. Wind Generation Industry

NBER Working Paper No. w26114
Number of pages: 38 Posted: 06 Aug 2019 Last Revised: 10 May 2023
John W. Anderson, Gordon Leslie and Frank Wolak
OhmConnect, Inc., Monash University - Department of Economics and National Bureau of Economic Research (NBER)
Downloads 42 (851,411)

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34.

Long-Term Resource Adequacy in Wholesale Electricity Markets with Significant Intermittent Renewables

NBER Working Paper No. w29033
Number of pages: 75 Posted: 19 Jul 2021 Last Revised: 01 May 2022
Frank Wolak
National Bureau of Economic Research (NBER)
Downloads 26 (1,000,927)
Citation 1

Abstract:

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35.

Reliability Options in Renewables-Dominated Electricity Markets

NBER Working Paper No. w32616
Number of pages: 54 Posted: 01 Jul 2024
Shaun McRae and Frank Wolak
ITAM, Centro de Investigación Económica and National Bureau of Economic Research (NBER)
Downloads 21 (1,057,985)
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36.

What Kinds of Distributed Generation Technologies Defer Network Expansions? Evidence from France

NBER Working Paper No. w28822
Number of pages: 76 Posted: 24 May 2021 Last Revised: 03 Apr 2022
Nicolas Astier, Ram Rajagopal and Frank Wolak
Stanford university, Stanford University and National Bureau of Economic Research (NBER)
Downloads 14 (1,144,427)

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37.

An Experimental Comparison of Carbon Pricing Under Uncertainty in Electricity Markets

NBER Working Paper No. w27260
Number of pages: 65 Posted: 02 Jun 2020 Last Revised: 26 Jun 2023
Trevor L. Davis, Mark C. Thurber and Frank Wolak
Stanford University, Stanford University - Program on Energy and Sustainable Development and National Bureau of Economic Research (NBER)
Downloads 12 (1,169,852)

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38.

Credible Numbers: A Procedure for Reporting Statistical Precision in Parameter Estimates

NBER Working Paper No. w32124
Number of pages: 44 Posted: 05 Feb 2024
Nicolas Astier and Frank Wolak
Paris School of Economics (PSE) and National Bureau of Economic Research (NBER)
Downloads 9 (1,206,850)
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39.

Electric Vehicles and the Energy Transition: Unintended Consequences of a Common Retail Rate Design

NBER Working Paper No. w32886
Number of pages: 43 Posted: 03 Sep 2024
University of Calgary, University of Alberta - Department of Economics, University of Calgary, University of Calgary and National Bureau of Economic Research (NBER)
Downloads 7 (1,229,119)
Citation 1
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40.

Show Me the Money! Incentives and Nudges to Shift Electric Vehicle Charge Timing

NBER Working Paper No. w31630
Number of pages: 36 Posted: 05 Sep 2023
University of Calgary, University of Alberta - Department of Economics, University of Calgary and National Bureau of Economic Research (NBER)
Downloads 5 (1,248,587)
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41.

Structural Econometric Modeling: Rationales and Examples from Industrial Organization

Posted: 02 Feb 2004
Peter C. Reiss and Frank Wolak
Stanford Graduate School of Business and National Bureau of Economic Research (NBER)

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