NERA Economic Consulting

elizabeth.bailey@nera.com
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Education

PhD in economics, Massachusetts Institute of Technology
BA in economics and mathematics, summa cum laude, Colgate University

Experience

Dr. Bailey participates in NERA's Antitrust and Intellectual Property practices. Dr. Bailey specializes in the analysis of the effects of proposed mergers, acquisitions, and joint ventures on competition. She has provided economic analysis on mergers and acquisitions in the US and Europe, and has appeared before the US Department of Justice and the Federal Trade Commission on a variety of transactions. In addition, she has provided analyses related to Section 8 of the Clayton Act (interlocking directorates). In the area of intellectual property, Dr. Bailey has analyzed damages in patent infringement litigation and has evaluated competition issues related to patents. Dr. Bailey has also provided economic analysis of the issues arising in price fixing, bid rigging, antitrust damages, attempted monopolization, and breach of contract. She also specializes in the application of econometrics to these areas.

Dr. Bailey is a frequent speaker and writer on topics related to antitrust and intellectual property. Her papers have appeared in numerous publications including American Economic Review, Journal of Economic Perspectives, The B.E. Journal of Economic Analysis & Policy, Managing IP, and The Electricity Journal. She is also the co-author of the book Markets for Clean Air: The US Acid Rain Program, published by Cambridge University Press. In addition, Dr. Bailey is an Associate Editor of the Antitrust Magazine, a publication of the American Bar Association's Section of Antitrust Law, a member of the American Bar Association Section of Antitrust Law Economics Task Force, and a referee for various peer-reviewed academic journals. Prior to joining NERA, Dr. Bailey was an award-winning teacher in the W.P. Carey business school at Arizona State University.

Selected Industry Experience:

• Retail (discount retail stores, department stores, supermarkets, booksellers, retail optical eyewear, managed eye care)
• Consumer products (eyeglasses, funeral services, toothpaste, windshield wipers)
• Crude oil (exploration, gathering, refining, distribution, marketing)
• Downstream petroleum products (retail gasoline, finished lubricants, coke)
• Upstream petroleum services (drill bits, 2D/3D/4D seismic acquisition, pipeline laying services, saturation diving, barges)
• Natural gas gathering and transportation
• Fractionation of natural gas liquids (NGLs)
• Platinum group metals
• Super-alloys
• Copper tubing
• Epoxy resin
• Mining excavation equipment
• Coal
• Wholesale and retail electricity
• Automatic meter reading
• Nuclear fuel fabrication
• Hardwood furniture stock and hardwood sawmills
• Roofing insulation
• Cable-stayed bridges
• Pulp and paper machinery
• Hardware and software disaster recovery services
• Information technology content security
• Private branch telephony exchanges
• Crop management software programs
• Agrochemicals