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 | | Timothy J. Brennan | | Senior Fellow | |
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PROFILE | Tim Brennan focuses on public policies involving monopolies and market power, and on assessing methods for policy evaluation. He looks particularly at issues associated with restructuring the electricity sector and opening electricity utilities and markets to competition. Specific topics in recent publications include real-time pricing, climate change, network effects, decoupling electricity revenues from use, energy conservation policy, and space launch risk.
His current research examines rationales for energy efficiency policies, the limits of cost-benefit analysis in climate policy, and the role of behavioral economics in energy and environmental policy. He has been co-author of two books on the deregulation of electricity markets and has analyzed constitutional requirements for compensation for public use of private land. He has studied privacy and environmental law enforcement related to remote-sensing satellites and is working on the roles of prizes in technological innovation and on assessing liability rules for space launches. Brennan also addresses issues in antitrust law, telecommunications policy, copyright, and the philosophy of economics. He has presented his research to numerous government, professional, and academic institutions in the U.S. and internationally, including Austria, Australia, England, France, Germany, Ireland, Mexico, New Zealand, Sweden, and Uzbekistan.
Brennan is also a professor of public policy and economics at the University of Maryland–Baltimore County and also has taught at George Washington Univer¬sity. He was an economist for the Antitrust Division of the U.S. Department of Justice from 1978 to 1986 and was senior economist for industrial organization and regulation on the staff of the White House Council of Economic Advisers in 1996–1997. From 2003 to 2005, he served as a staff consultant to the director of the Bureau of Economics of the Federal Trade Commission. He spent 2006 in Ottawa as the T.D. MacDonald Chair in Industrial Economics at the Canadian Competition Bureau. He is a co-editor of Economic Inquiry and on the editorial boards of the Journal of Regulatory Economics, Information Economics and Policy, Communications Law and Policy, and the International Journal of the Economics of Business.
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| Featured Publications | | Inside RFF | | Jintao Xu, Karen L. Palmer, Sheila M. Olmstead, Richard D. Morgenstern, Allen Blackman, Juha V. Siikamäki, Timothy J. Brennan, P. Lynn Scarlett, James N. Sanchirico, Yusuke Kuwayama , Antung Anthony Liu, C. Boyden Gray | | Resources | 2013 (182) | | | | Prizes, Patents and Technology Procurement: A Proposed Analytical Framework | | Timothy J. Brennan, Molly K. Macauley, Kate Whitefoot | | RFF Discussion Paper 11-21-REV | December 2012 | | | | Putting a Floor on Energy Savings: Comparing State Energy Efficiency Resource Standards | | Karen L. Palmer, Samuel Grausz, Blair Beasley, Timothy J. Brennan | | RFF Discussion Paper 12-11 | February 2012 | | | | Energy Efficiency Resource Standards: Economics and Policy | | Timothy J. Brennan, Karen L. Palmer | | RFF Discussion Paper 12-10 | February 2012 | | | | The Supply Chain and Industrial Organization of Rare Earth Materials: Implications for the U.S. Wind Energy Sector | | Jhih-Shyang Shih, Joshua Linn, Timothy J. Brennan, Joel Darmstadter, Molly K. Macauley, Louis Preonas | | RFF Report | February 2012 | | | | Energy Efficiency Policy: Surveying the Puzzles | | Timothy J. Brennan | | RFF Discussion Paper 11-27 | July 2011 | | | | Who Bears the Long-Term Costs of Stricter Anti-Spill Policy? It’s Not Who You Think | | Timothy J. Brennan | | Backgrounder | August 2010 | | | | Public-Private Co-Production of Risk: Government Indemnification of the Commercial Space Launch Industry | | Tim Brennan, Carolyn Kousky, and Molly Macauley | | Risk, Hazards & Crisis in Public Policy | 2010 | Vol. 1, Issue 1 | Article 7 | Related Discussion Paper 09-38 | | | | More Than a Wing and a Prayer: Government Indemnification of the Commercial Space Launch Industry | | Timothy J. Brennan, Carolyn Kousky, Molly K. Macauley | | RFF Discussion Paper 09-38 | September 2009 | | Related journal article | | | | The Challenges of Climate for Energy Markets | | Timothy J. Brennan | | RFF Discussion Paper 09-32 | September 2009 | | | | View All Related Publications |
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BOOKS AND BOOK CHAPTERS | | Discounting the Future: Economics and Ethics | | Timothy J. Brennan | | The RFF Reader in Environmental and Resource Policy, 2nd Edition | Wallace E. Oates, ed | RFF Press | 2006 | Ch. 5, pp. 28-34 | | | | | Fair Use as Policy Instrument | | Timothy J. Brennan | | The Economics of Copyright: Developments in Research and Analysis, Volume 2 | Wendy Gordon, Lisa Takeyama, and Ruth Towse | Northampton, MA: Edward Elgar | 2005 | | | | | Preventing Monopoly or Discouraging Competition? The Perils of Price-Cost Tests for Market Power in Electricity | | Timothy J. Brennan | | The Challenge of Electricity Restructuring | Andrew N. Kleit, editor | Lanham, MD: Rowan and Littlefield | 2005 | | | | | Making Electricity Markets Competitive: How Fast and by Whom? | | Timothy J. Brennan | | New Approaches on Energy and the Environment: Policy Advice for the President | Richard D. Morgenstern and Paul R. Portney, eds. | RFF Press | 2004 | Chapter 7 | | | | | Regulation and Competition as Complements | | Timothy J. Brennan | | Obtaining the Best from Regulation and Competition | Michael Crew and Menahem Spiegel, editors | Norwell, MA: Kluwer Academic Press | 2004 | | | | | Opening Electricity Markets: Lessons from the U.S. Experience | | Timothy J. Brennan | | Nuebestimmung staatlicher Aufgaben im Stromhandel (Redefining the role of government in electricity trading) | Eberhard Bohne, editor | Berlin, Germany: Duncker & Humblot | 2003 | | | | | The FCC and Policy Federalism: Broadband Internet Access Regulation | | Timothy J. Brennan | | International Handbook of Telecommunications Economics, Volume III | Gary Madden and Scott Savage, editors | Northampton, MA: Edward Elgar | 2003 | | | | | Alternating Currents | | Timothy J. Brennan, Karen L. Palmer, and Salvador A. Martinez | | RFF Press | 2002 | | Description: Many states within the U.S., and many countries across the world, are opening their electicity markets to competition. Many others are uncertain about their plans. These differences emphasize the complexities involved in the technology and regulatory structure of the electricity industry--an industry for which the introduction of market competition has been notoriously difficult. In response to these challenges, Alternating Currents provides a timely overview and analysis of the concerns facing industry regulators, legislators, and others as they consider whether, when, and how to open electricity markets. Authors Brennan, Palmer, and Martinez offer background on the history of regulatory policy and the technology for producing and delivering electric power. They then provide insights into the policy debates and economic issues involved in eleven important topics, including industry structure, system integrity and reliability, the mitigation of market power, and environmental protection. Alternating Currents describes the recent events leading to the demise of retail competition in California with the intent on drawing lessons for the future. In the end, the authors offer their perspective about what makes electricity a unique resource and how those factors make the potential conflict between competition and reliability the most pressing of the long-term concerns about the transformation of the electric power industry. Electricy Regulation Energy
RFF Press is now an imprint of Earthscan. Click here to buy this book. | | Enforcing Environmental Regulation: Implications of Remote Sensing | | Molly K. Macauley and Timothy J. Brennan | | Improving Regulation: Cases in Environment, Health and Safety | Paul Fishbeck and Scott Farrow, eds. | RFF Press | 2001 | | | | | Private Eyes in the Sky: Implications of Remote Sensing Technology for Enforcing Environmental Regulation | | Molly K. Macauley and Timothy J. Brennan | | Improving Regulation: Cases in Environment, Health, and Safety | Paul S. Fischbeck and R. Scott Farrow, eds. | RFF Press | 2001 | Chapter 14 | | | | | Promoting Telephone Competition: A Simpler Way? | | Timothy J. Brennan | | Competition, Regulation, and Convergence: Current Trends in Telecommunications Policy Research | S. Gillete and I. Vogelsang, eds. | Mahwah, NJ: Lawrence Erlbaum | 1999 | | | | | Comparing Stranded Costs Arguments in Telecommunications and Electricity | | Timothy J. Brennan | | Regulation Under Increasing Competition | M. Crew and P. Kleindorfer, eds. | Norwell, MA: Kluwer Academic Press | 1998 | | | | | American Democratic Institutions and Social Values | | Timothy J. Brennan | | Democracy, Social Values, and Public Policy | M. Carrow, R.P. Churchill, and J. Cordes, eds. | Westport, CT: Greenwood Press | 1998 | | | | | Die okonomische Analyse des Rechts aus Philosopher Sicht: Gesellschaftspolitsche Ziele im Kontext des Rechts [A Philosophical Assessment of 'Law and Economics': Policy Norms and Judicial Contexts] | | Timothy J. Brennan | | Effiziente Verhaltenssteuerung und Kooperation im Zivilrecht | C. Ott and H. Bernd-Schafer, eds. | Tübingen, Germany: Mohr Siebeck | 1997 | | | | | A Shock to the System | | Timothy J. Brennan, Karen L. Palmer, Raymond J. Kopp, Alan J. Krupnick, Vito Stagliano, and Dallas Burtraw | | RFF Press | 1996 | | Description: A Shock to the System is a guide to the decisions that will be faced by electricity providers, customers, and policymakers. Produced by a team of analysts at Resources for the Future, this concise and balanced work provides background necessary to understand the increasing role of competition in electricity markets. The authors introduce important concepts and terminology, and offer the history of public policy regarding electricity. They identify the significant proposals for implementing competition, and examine the potential consequences for regulation, industry structure, cost recovery, and the environment. RFF Press is now an imprint of Earthscan. Click here to buy this book. | | Additional Considerations in the Electricity Competition Debate | | Timothy J. Brennan | | National Research Council, Competition in the Electricity Industry: Emerging Issues, Opportunities and Risks for Facility Operators | Washington, D.C.: National Academy Press | 1996 | | | | | Does the Theory Behind U.S. v. AT&T Still Apply today? | | Timothy J. Brennan | | The Internet and Telecommunications Policy: Selected Papers from the 1995 Telecommunications Policy Research Conference | G. Brock and G. Rosston, eds. | New York, NY: Lawrence Erlbaum | 1996 | | | | | Balancing Present Costs and Future Benefits | | Timothy J. Brennan | | National Research Council, Financing Tomorrow's Infrastructure: Challenges and Issues | Washington, D.C.: National Academy Press | 1996 | | | | | Game Theory and the First Amendment: Strategic Implications of Freedom of the Press | | Timothy J. Brennan | | Toward a Competitive Telecommunication Industry: Selected Papers from the 1994 Telecommunications Policy Research Conference | G. Brock, ed. | New York, NY: Lawrence Erlbaum | 1995 | | | | | A Methodological Assessment of Multiple Utility Frameworks | | Timothy J. Brennan | | The Philosophy and Methodology of Economics | B. Caldwell, ed. | Cheltenham, U.K.: Edward Elgar Publishing, Ltd. | 1993 | | | | | Mergers | | Timothy J. Brennan | | Magill's Survey of Social Science: Economics | Pasadena, CA: Salem Press | 1991 | | | | | Monopolies: Regulation | | Timothy J. Brennan | | Magill's Survey of Social Science: Economics | Pasadena, CA: Salem Press | 1991 | | | | | The Trouble With Norms | | Timothy J. Brennan | | Social Norms and Economic Institutions | K. Koford and J. Miller, eds. | Ann Arbor, MI: University of Michigan Press | 1991 | | | | | Regulating by Capping Prices | | Timothy J. Brennan | | Price Caps and Incentive Regulation in Telecommunications | M. Einhorn, ed. | Norwell, MA: Kluwer Academic Press | 1991 | | | | | Issues of International Trade | | Timothy J. Brennan | | After the Break-Up: Assessing the New Post-AT&T Divestiture Era | B. Cole, ed. | New York, NY: Columbia University Press | 1991 | | | | | Entry and Welfare Loss in Regulated Industries | | Timothy J. Brennan | | Competition and the Regulation of Utilities | M. Crew, ed. | Norwell, MA: Kluwer Academic Publishers | 1990 | | | | | Raising Rivals Costs—Advice for the Practitioner | | Timothy J. Brennan | | Manual on the Economics of Antitrust Law | 1988 | | | | | Mistaken Elasticities and Misleading Rules | | Timothy J. Brennan | | Economic Analysis and Antitrust Law | T. Calvani and J. Siegfried, eds. | Boston, MA: Little Brown | 1988 | | | | |
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| RELATED SUBTOPICS | | Benefit-Cost Analysis, Discounting, Electricity Markets and Regulation, Energy Efficiency, Fees and Rebates, Incentives, Markets, Regulation, State and U.S. Regional Policies, Subsidies, Taxes, Value of Statistical Life |
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