Dr. Michael Baye Joins NERA Economic Consulting as Special Consultant

23 April 2009

23 April/New York -- NERA Economic Consulting, a leading global provider of economic advice and analysis in business, legal, and regulatory matters, announced today that Dr. Michael Baye has joined the firm as a Special Consultant in its global Antitrust Practice.

Until the beginning of this year, Dr. Baye served as Director of the Bureau of Economics at the US Federal Trade Commission (FTC). He is the Bert Elwert Professor of Business at Indiana University's Kelley School of Business, a position he has held since 1997. Dr. Baye's university research primarily focuses on pricing strategies in traditional and online markets, and their impact on consumer welfare and firm profits.

"NERA is pleased to welcome one of the nation's foremost experts on competition policy and industrial organization to our firm," said NERA President Dr. Andrew Carron. "Mike Baye's deep knowledge and hands-on experience with the economics of antitrust in general, and mergers and acquisitions in particular, will make him an invaluable resource for NERA's clients."

In addition to advising the FTC on antitrust, consumer protection, and economic policy matters during his tenure as its chief economist, Dr. Baye has consulted for and advised a variety of private parties and attorneys, and has provided expert testimony in matters ranging from advertising and pricing to mergers and monopolization. He has also provided written and oral expert testimony at the request of the Canadian Competition Bureau and the US Department of Justice.

Dr. Baye has held academic positions in the economics departments at several universities in addition to Indiana University, including Penn State, Texas A&M, and the University of Kentucky. He teaches courses in managerial economics and industrial organization at the undergraduate, MBA, and PhD levels.

Dr. Baye is a sought after lecturer and speaker at conferences and academic institutions throughout North America and Europe, and has held visiting appointments at Cambridge, Oxford, Erasmus University, Tilburg University, and the New Economic School in Moscow. He has published extensively on a wide variety of issues related to antitrust and consumer protection, and has served on numerous editorial boards in economics as well as marketing.

Dr. Baye holds PhD and MS degrees in economics from Purdue University.

About NERA

NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For over half a century, NERA's economists have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. We bring academic rigor, objectivity, and real world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation.

NERA's clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world's largest economic consultancies. With its main office in New York City, NERA serves clients from more than 25 offices across North America, Europe, and Asia Pacific.