Dr. Elizabeth M. Bailey

Affiliated Academic


San Francisco
Tel: +1 415 291 1041
Fax: +1 415 291 1020

Email: elizabeth.bailey_affiliate@nera.com
vCard: Download


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


Dr. Bailey is a Lecturer in the Finance Group at The Wharton School of the University of Pennsylvania.

Dr. Bailey is an expert on the economics of antitrust and intellectual property, particularly 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. She also specializes in the application of econometrics to these areas.

Dr. Bailey is recognized as a Future Leader in Who’s Who Legal: Competition 2017 and 2018. Named one of the "Most Highly Regarded" antitrust economists, she is described as “a market leader who 'can gain the trust of c-suite and board-level clients'" and one who "get[s] 'deals over the line with her creative thinking.'”

Dr. Bailey is a frequent speaker and writer on topics related to antitrust, intellectual property, and energy. Her papers have appeared in numerous publications including the American Economic Review, the Journal of Economic Perspectives, Journal of Industrial Organization, The B.E. Journal of Economic Analysis & Policy, Managing IP, and The Electricity Journal. She is 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 Assistant Editor of Antitrust Law Journal and a former Editor of Antitrust Magazine and of The Antitrust Source, publications of the American Bar Association’s Section of Antitrust Law.

Formerly a Vice President at NERA, Dr. Bailey remains affiliated with the firm. Prior to joining NERA, Dr. Bailey was an award-winning teacher in the W.P. Carey School of Business at Arizona State University and the Executive Director of the University of California, Berkeley, Energy Institute at Haas.

Title Type Author
Top 10 Antitrust Issues in Consumer Packaged Goods Mergers Published Article Dr. Elizabeth M. Bailey and Crowell & Moring Partner, Alexis J. Gilman
Ten Things About… Elizabeth Bailey Published Article American Bar Association Antitrust Law Section
Assessing Antitrust Risk in Retail Mergers Published Article Dr. Elizabeth Bailey
Behavioral Firms: Does Antitrust Economics need a Theoretical Update? Published Article Dr. Elizabeth Bailey
A Modern Approach to M&A Published Article Dr. Elizabeth Bailey
Regression Analysis Explained for Antitrust Practitioners Published Article Dr. Elizabeth Bailey
Improving Merger Analysis With Randomized Controls Trials Published Article By Dr. Elizabeth M. Bailey
Ownership and Control: Implications for the Analysis of Interlocking Directorates, Pa... Book Dr. Elizabeth Bailey
Behavioral Economics and US Antitrust Policy Published Article By. Dr. Elizabeth M. Bailey
Nancy Rose, New Deputy Assistant Attorney General for Economics Published Article By Dr. Elizabeth M. Bailey, et al.