Noah Dormady teaches and conducts research in the areas of applied public policy analysis, energy policy, environmental policy, economic resilience, and terrorism and natural hazards.

Prof. Dormady’s energy and environmental work evaluates the interactions between deregulated electricity markets and market-based environmental policies. His work in this area has focused mainly on the economic efficiency of market design, deregulation, and issues of competition under market power (e.g., monopolies).

His work on the economic analysis of resilience has focused on the impacts of terrorism events and natural hazards on regional economies. This work provides insights and strategies for businesses and governments to minimize the severity of economic shocks from natural hazards and terrorism, and provides insights to policymakers on how to improve resilience.

Prof. Dormady’s work has been widely funded by an array of federal, state, private and non-profit organizations. These include the Department of Homeland Security (DHS), the National Science Foundation (NSF), the National Center for the Middle Market, the John Randolph and Dora Haynes Foundation, and the Center for Climate Strategies. Through his work with the Center for Climate Strategies, he has conducted research for over 17 state governments on the economic impacts of state-level environmental policy.

Dr. Dormady is affiliated with two U.S. Department of Homeland Security National Centers of Excellence. He is a faculty affiliate at the Critical Infrastructure Resilience Institute (CIRI) at the University of Illinois, Urbana-Champaign. He is also a CREATE Fellow at the U.S. Department of Homeland Security’s National Center for Risk and the Economic Analysis of Terrorism Events (CREATE) at the University of Southern California. He is the 2012 Co-recipient of the national REMI Award for Economic Analysis from Regional Economic Models Inc. (REMI).

At the Glenn College, Dr. Dormady teaches courses at both the graduate and undergraduate level in public policy analysis, energy policy, environmental policy, risk and decision analysis, and public sector economics.

Dr. Dormady received his PhD from the University of Southern California. He is a proud father, and husband of almost 15 years  

Areas of research

  • Economic Policy
  • Energy Policy
  • Environmental Policy
  • Public Policy Analysis
  • Terrorism and Homeland Security
Dormady, N. & Healy, P.J. Forthcoming. The Consignment Mechanism in Carbon Markets: A Laboratory Investigation. Journal of Commodity Markets, xx(x): x-xx.

Dormady, N., Hoyt, M. Roa-Henriquez, A. & Welch, W. 2019. Who Pays for Retail Electric Deregulation?: Evidence of Cross-Subsidization from Complete Bill Data. The Energy Journal, 40(2): 161-194.

Dormady, N. Roa-Henriquez, A. & Rose, A. 2019. Economic Resilience of the Firm: A Production Theory Approach. International Journal of Production Economics, 208: 446-460.

Dormady, N., & Ellis, R. 2018. Energy-Transport Sector Interdependence in Extreme Events: The Case of a Hurricane Event in Boston. Current Sustainable/Renewable Energy Reports, Special Issue: Energy Markets. 1-13.

“Carbon Auctions, Energy Markets and Market Power: An Experimental Analysis" (2014). Energy Economics, 44: 468-482.

"Market Power in Cap and Trade Auctions: A Monte Carlo Approach" (2013). Energy Policy, 62: 788-797.

"The Potential Impact of an Anthrax Attack on Real Estate Prices and Foreclosures in Seattle" (with Tom Szelazek and Adam Rose), Risk Analysis, 34(1): 187-201.

"A Meta-Analysis of the Economic Impacts of Climate Change Policy in the United States" (with Adam Rose), The Energy Journal, vol. 32, no. 2, pp. 143-166 (2011).
Energy News Network: How affiliate arrangements, subsidies and riders led to higher electric bills in Ohio — even as power prices declined

Eye on Ohio: Hidden Charges: What’s on Your Electric Bill?

The Regulatory Review: Let the Carbon Auctioneer Beware

Gannett News Service: Watchdog Report: Adjustable pricing, tripled rates, next step in electric deregulation

S&P Global: Report: Ohio electric restructuring raises rates for residential customers

Midwestern Energy News: "Study: Lack of competition to blame for Ohio electricity cost increases"

The Plain Dealer: "Electric bills $1 billion higher: OSU analysts urge state to require traditional utilities to sell power plants"

Ohio Citizen Action: "Electric bills $1 billion higher: OSU analysts urge state to require traditional utilities to sell power plants" "Ohio's restructured electricity market has cost households at least $1 billion"

Professor Noah Dormady discussed the Clean Power Plan and what the plan means for Ohio, power plants, and energy bills on WOSU's All Sides with Ann Fisher. Listen to the program.

Professor Noah Dormady testified as an expert witness for the Office of the Ohio Consumers Counsel at a Public Utilities Commission of Ohio hearing about cost to Ohio consumers if AEP receives its proposed profit guarantee for certain power plants. Click here to read the story.

Professor Noah Dormady is a co-principal investigator in a new multi-million dollar Center of Excellence funded by the Dept. of Homeland Security. Dormady is part of two research teams that each received competitive grants from Dept. of Homeland Security in support of their research at the new Center of Excellence. With these grants, he will be developing new models, theories and software to help firms and critical infrastructure providers (such utility companies and port authorities) better respond to catastrophic disasters. Click here to learn more.

Professor Noah Dormady and Gabe Englander (OSU Dept. of Economics) have a new paper published in the Journal of Public Policy. “Carbon allowances and the demand for offsets: a comprehensive assessment of imperfect substitutes” provides a synthesis of extant work, market data and the regulatory frameworks of the worlds major carbon markets, and provides a comprehensive assessment of the drivers of demand for carbon offsets. It also provides a detailed assessment of the process through which international carbon offsets are produced.» Click here to read the paper. » Click here to read the paper.

Professor Noah Dormady was part of a NBC4 newscast that looked at falling gas prices and the energy outlook for the United States. » Click here to watch “Is The U.S. Really Close To Energy Independence?”

Professor Noah Dormady is part of a team that has been awarded approximately $500,000 from the National Science Foundation’s Civil, Mechanical, and Manufacturing Innovation division to study dynamic economic resilience. This will help local and regional economies to respond better to natural, or manmade, disasters such as hurricanes, earthquakes or terrorist attacks. The research is being conducted through the Homeland Security's National Center for Risk and the Economic Analysis of Terrorism Events at the University of Southern California, The Natural Hazards Center at the University of Colorado at Boulder, and the Glenn School.

Professor Noah Dormady is part of a NBC News story on the economic hit the drinking water ban is having on Toledo. » Click here to read “"Incredible Hulk" Takes Economic Hit on Toledo with Water Ban”

Over a two-week period in April, the Glenn School provided policy updates on public utility regulation for Tom Johnson, newly appointed chairman of the Ohio Public Utilities Commission. Professor Doug Jones organized the five sessions and presented along with Professor Noah Dormady and attorneys Maria Mone, Ronda Fergus and Robert Burns. The PUCO regulates Ohio utilities in the electric, natural gas, telecommunications and water industries as well as some aspects of the transportation sector.

Professor Noah Dormady has a forthcoming paper in the journal Energy Economics. "Carbon Auctions, Energy Markets & Market Power: An Experimental Analysis" uses a set of controlled lab experiments to test the effect of market power on an energy market under a carbon trading system. Dormady's analysis suggests that dominant firms can utilize natural linkages that exist between the energy and carbon market to their advantage by behaving strategically in a way that simultaneously inflates the price of energy and suppresses the price of carbon permits. » Click here to read the paper

Noah Dormady’s research has been published in Energy Policy. » Click here to read his paper, “Market power in cap-and-trade auctions: A Monte Carlo approach”.

Professor Noah Dormady has a paper — “The Potential Impact of an Anthrax Attack on Real Estate Prices and Foreclosures in Seattle” — published in Risk Analysis, the official publication of the Society of Risk Analysis. »Click here to learn more

Dr. Noah Dormady has won the first ever REMI award for outstanding economic analysis in recognition of his paper, “Regional macroeconomic assessment of the Pennsylvania Climate Action Plan”.

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