Lynne Kiesling is an economist focusing on regulation, market design, and the economics of digitization in the electricity industry. She is director of the Institute for Regulatory Law & Economics in the Center on Law, Business, and Economics, and is an adjunct professor in the Master of Science in Energy and Sustainability program, both at Northwestern University. She is also a research professor at University of Colorado Denver. Her academic background includes a BS in economics from Miami University (Ohio) and a PhD in economics from Northwestern University.
Lynne’s academic interests have long been focused on technology, the economic history of technological change, and how regulation and other institutions shape incentives to innovate. Her academic publications include Deregulation, Innovation, and Market Liberalization: Electricity Restructuring in a Constantly Evolving Environment (Routledge, 2008) and journal articles and book chapters on competition, market design, and the important role that market prices play as communication mechanisms in complex, decentralized networks. More recently, she and co-authors analyzed incomplete markets in risk in ERCOT in light of the 2021 Winter Storm Uri outages in “Private Risk and Social Resilience in Liberalized Electricity Markets,” Joule (2022), and she and Stephen Littlechild used a decentralized market process framework to analyze policy responses to Winter Storm Uri and recommend alternatives in “Hayek and the Texas Blackout,” Electricity Journal (2021).