seth blumsack

assistant professor
department of energy and mineral engineering

the pennsylvania state university
university park, penna. 16802
office: hosler building 124
phone: (814) 863-7597
email: blumsack [at] psu [dot] edu

current cv [.pdf]

 


school

research: i am an assistant professor in the department of energy and mineral engineering at penn state university. i teach undergraduate courses and advise students in the energy business and finance program.  i also teach public policy and economics courses to graduate students in the earth and mineral sciences college.  my research interests include energy and electric power systems, network and graph theory, regulatory economics, antitrust and competition policy, industrial organization, and the economics of infrastructure.  My dissertation examined several implications of the braess paradox for network behavior and transmission investment, planning, and pricing in electric power systems.  my previous work has included developing a market-structure metric for electric power systems that takes account of the technological idiosyncrasies of electricity and calculating the costs involved in transitioning to competitive electric power markets.  i earned my ph.d. through the department of engineering and public policy at carnegie mellon, and was associated with the carnegie mellon electricity industry center.  my dissertation was supervised by lester lave, marija ilic, jay apt, and sarosh talukdar.

 

teaching: ennec 100: introduction to environmental and earth resources economics, fall 2007.
em sc 304: environmental management, spring 2008.
egee 525: theory and practice of policy analysis for engineers, spring 2008.
em sc 420: energy and modern society, fall 2008.
73-428/19-624:  the transformation of energy markets, spring 2005, carnegie mellon.  [syllabus]

 

publications:
  • "the real problem with merchant transmission," with lester lave and marija ilic, electricity journal, forthcoming.
  • "the short run economic and environmental effects of a carbon tax on u.s. electric generation," with adam newcomer, jay apt. lester lave and m. granger morgan, environmental science and technology, forthcoming [link to web version and es&t press release].
  • "a centrality measure for electrical networks," with paul hines, proceedings of the 41st hawaii international conference on system sciences, january 2008. [pdf]
  • "deregulation/restructuring part i: re-regulation will not fix the problems," with lester lave and jay apt, electricity journal 20:8, pp 9 - 22. [pdf]
  • "deregulation/restructuring part ii: where do we go from here," with lester lave and jay apt, electricity journal 20:9, pp 10 - 23. [pdf]
  • "a quantitative analysis of the relationship between congestion and reliability in electric power networks," with lester lave and marija ilic, energy journal october 2007. [working paper pdf]
  • "measuring the benefits and costs of regional electric grid integration," energy law journal, april 2007.
  • "separability and independence of congestion and reliability: theory and simulations," to be published in the proceedings of the ieee power engineering society general meeting, summer 2007 [.pdf]
  • "topological elements of transmission pricing and planning," working paper, with lester lave and marija ilic [.pdf]
  • "decomposing congestion and reliability," working paper, with marija ilic and lester lave [.pdf]
  • "network decomposition via graph theory and watts-strogatz clustering," working paper, [.pdf]
  • "the braess paradox in electric power networks," working paper, with marija ilic [.pdf]
  • "a quantitative analysis of the relationship between congestion and reliability in electric power networks," with lester lave and marija ilic, papers and proceedings of the 26th north american conference, international association for energy economics, september 2006. [.pdf]
  • "network topologies and transmission investment under electric-industry restructuring," doctoral dissertation, may 2006 [.pdf]
  • "lessons from the failure of u.s. electricity restructuring," with lester lave and jay apt, electricity journal, march 2006.  also translated into japanese.
  • "some implications of braess' paradox in electric power systems," working paper, jan 2006 [.pdf]
  • "the efficiency of point-to-point financial transmission rights is limited by the network topology," working paper, jan 2006. [.pdf]
  • "a cautionary tale: u.s. electricity sector reform," with lester lave and jay apt, economic and political weekly 40:50, november 2005.
  • "rethinking electricity deregulation," with lester lave and jay apt, electricity journal november 2004. 
  • "mitigating pivotal suppliers in deregulated electricity markets," with lester lave, papers and proceedings of the 24th north american conference, international association for energy economics, july 2004. [.pdf]
  • "market power in deregulated wholesale electricity markets: issues in measurement and the cost of mitigation," with lester lave and dmitri perekhodtsev, electricity journal, november 2002.
  • "a theory of pivotal oligopoly for electricity markets," with dmitri perekhodtsev and lester lave, working paper, 2002.
  • "managing peak demand in public power systems," with chantal brandon and dmitri perekhodtsev, american public power association deed technical award paper, 2001.
  • "how to make power markets competitive," with sam van vactor, in electricity pricing in transition, 2001, ahmad faruqui and kelly eakin, eds., kluwer academic publishing.
awards/honors:
  • william w. cooper doctoral dissertation award for "outstanding doctoral dissertation in management or the management sciences," tepper school of business, carnegie mellon university, may 2006.
  • best poster award at the technology, policy, and management graduate consortium, cambridge ma, june 2005. [poster pdf]
  • herbert l. toor award for "outstanding research paper submitted in the qualifying examinations of the department of engineering and public policy," february 2004.
  • deed technical grant, american public power association, with chantal brandon and dmitri perekhodtsev, december 2001.
  • william larimer mellon scholarship, graduate school of industrial administration, carnegie mellon university, academic years 2001/2002 and 2002/2003.
professional:
  • assistant professor, department of energy and mineral engineering, penn state university.
  • adjunct research professor, carnegie mellon electricity industry center.
  • postdoctoral research fellow, tepper school of business, carnegie mellon university, affiliated with the carnegie mellon electricity industry center, 2006 - 2007.
  • ph.d. student, department of engineering and public policy, carnegie mellon university, supported by the carnegie mellon electricity industry center, august 2003 - 2006.
  • economist, economic insight, inc., portland oregon, 1998 - 2001.
  • editor and contributor, the energy market report, portland oregon, 1998 - 2001.
  • editor, pacific west oil data, 1999 - 2001.
  • economics intern, oregon department of fish and wildlife, portland oregon, 1997.
education:
  • ph.d. department of engineering and public policy, carnegie mellon university, may 2006.
  • m.s. economics, graduate school of industrial administration, carnegie mellon university, 2003.
  • m.s. coursework in statistics (unfinished), portland state university, 1998 - 1999.
  • b.a. mathematics/economics, reed college, 1998.
other:
  • submitted comments on the state of retail and wholesale electricity markets to ferc and the intergovernmental task force on electric market competition with jay apt and lester lave, november 2005.
  • designed and taught interdisciplinary course on energy markets for advanced undergraduates and graduate students in economics and engineering, spring 2005.  [syllabus]
  • "mitigating pivotal suppliers in deregulated electricity markets," presentation given at the 24th north american conference of the international association for energy economics, july 2004.
  • "market power and mitigation in deregulated electricity markets," seminar given to the carnegie mellon electricity industry center, march 2004.
  • submitted comments on ferc supplier margin assessment test for market power with lester lave and dmitri perekhodtsev, january 2004.
  • submitted comments on ferc standard market design with lester lave and dmitri perekhodtsev, november 2002.
  • "market power and pivotal firms," with lester lave, seminar given to the carnegie mellon electricity industry center, september 2002.
  • "measuring market power in deregulated electricity markets," with dmitri perekhodtsev and lester lave, seminar given to the carnegie mellon electricity industry center, september 2002.
  • expert testimony on the competitiveness of the gasoline market in portland oregon for the city of sherwood oregon, february 2001.
  • "gas and electricity in the wscc: price levels and volatility," seminar given to the pacific northwest gas/electric integration group, december 2000.
  • "five-year outlook for gasoline and distillates," with sam van vactor and peter stiffler, report to the oregon department of energy, december 2000.
  • "blowin' in the wind: enso and the oregon coastal sport fishery," b.a. thesis, reed college 1998.
links:

not school

what i like:
  • rock climbing and mountaineering
  • hiking
  • biking
  • skiing
  • beer (particularly after partaking in the above. or after breaking my bones into multiple pieces while partaking in the above.)
  • vermont
  • my fiancee erin
  • her dog
  • my dog
vitals and miscellany:
  • born feb 12 1975 in massachusetts. that makes me 33. i grew up in andover mass., but my adopted home is vermont.
  • i currently live on a small farm in penn township pennsylvania where i am a professor at penn state, and i am surprised to report that i do not hate either one. i have also lived in portland oregon, tucson arizona, stowe vermont, concord massachusetts, and my toyota.
  • i have broken my talus, scafoid, wrist (two places), most of my toes, and my toyota (twice) with more to come. i have tendonitis in both knees, both elbows, one wrist, and one achilles tendon. more to come, i'm sure.
  • i am a graduate of the national outdoor leadership school (nols), 1993.
  • i have played the drums (mostly jazz) for around twenty-five years.
  • my puppy cooper is a nova scotia duck tolling retriever.
links: