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Professor David Newbery

Emeritus Professor of Economics, University of Cambridge; Fellow, Churchill College, Cambridge


Professor David Newbery, CBE, FBA, is the Research Director of the Cambridge Electricity Policy Research Group, Emeritus Professor of Applied Economics at the University of Cambridge. He is a Fellow of the British Academy and of the Econometric Society. He was President of the European Economic Association, 1996 and President of the International Association of Energy Economics, 2013. Educated at Cambridge with undergraduate degrees in Mathematics and Economics, a PhD and ScD in economics, he has managed research projects on commodity price stabilization, road pricing, the Hungarian transition to the market economy, utility privatisation and regulation, electricity restructuring and market design, transmission access pricing and has active research on market integration, transmission planning and finance, climate change policies, and the design of energy policy and energy taxation. Occasional economic advisor to the World Bank, DG ENER, Ofgem, Ofwat, and ORR, former member of the Competition Commission and chairman of the Dutch Electricity Market Surveillance Committee, currently a member of Ofgem's Network Innovation Competition, a member of the Panel of Technical Experts offering quality assurance to DECC on the delivery of the UK's Electricity Market Reform and Deputy Independent Member of the Single Electricity Market of the island of Ireland.

Past appointments
Lecturer University of Cambridge (1966 - 1986)
Professor of Applied Economics University of Cambridge (1988 - )
Director of the Department of Applied Economics University of Cambridge (1988 - )
Emeritus Professor of Economics Churchill College University of Cambridge (2003 - )
Research Fellow in the Control and Power Research Group Imperial College of Science and Technology University of London (2011 - 2016)

Principal publications
Privatization, restructuring and regulation in network utilities, 2000
The theory of commodity price stabilization: a study in the economics of risk, 1981
Road damage externalities and road user charges, 1988
‘The Choice of Techniques and the Optimality of Market Equilibrium with Rational Expectations’ w J Stiglitz, 1982, 90(2), April, 223-46
‘Competition in the British Electricity Spot Market’, w/R. Green, 1992, 100(5), October, 929-53
Optimal Tax Rates and Tax Design during Systemic Reform’, 1997, 63(2), 177-206
‘Agricultural pricing and Public Investment’, 1992, 47(2), March, 253-272
‘Optimal Tax Rates and Tax Design during Systemic Reform’, 1997, 63(2), 177-206
‘Power Markets and Market Power’,, 1995, 16(3), 41-66
Competition, Contracts and Entry in the Electricity Spot Market’, 1998 29(4), Winter, 726-49
‘Disadvantageous Oil Tariffs and Dynamic Consistency’ w/E.Maskin, 1990 80 (1), March, 143-56


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