NERA Competition Experts Contribute Chapters, Analysis, and Editorial Guidance on New Book from ABA Section of Antitrust Law

08 April 2014

New York -- NERA Economic Consulting, a leading global provider of economic advice and analysis in business, legal, and regulatory matters, is proud to have contributed chapters, analysis, and editorial guidance on a new book published by the American Bar Association Section of Antitrust Law. The book, Econometrics: Legal, Practical and Technical Issues (Second Edition), was written to provide attorneys with a better understanding of the use of econometrics in matters of antitrust and competition policy.

"It was an honor and a pleasure to serve as the editor for Econometrics: Legal, Practical and Technical Issues (Second Edition)," said NERA President Dr. Lawrence Wu. "Working on this book gave me the opportunity to collaborate with an immensely talented group of economists both within and outside of NERA who all made important contributions. Attorneys who read this book will gain a deeper appreciation for the proper use and application of econometrics in antitrust analysis and in so doing, enable them to work more effectively with economists in the context of a merger review or litigation."

Two of the book's chapters were co-written by economists from NERA's Antitrust and Competition Practice with support and assistance from numerous NERA researcher staff. Chapter 11, written by NERA Senior Vice President and Antitrust Practice Chair Dr. Ramsey Shehadeh and Vice President Dr. Timothy Watts, examines the diagnostic and econometric tools most commonly used in merger analysis. The authors begin by describing the implementation and interpretation of these empirical methods, and then turn to a discussion of recent merger reviews that showcases these methods.

Chapter 6, by NERA Senior Vice President Dr. Lauren Stiroh with Dr. G. Steven Olley, Adjunct Assistant Professor of Economics at Columbia University, focuses on the inferences that can be drawn from a regression analysis. The chapter emphasizes hypothesis testing, interpreting the results, specification testing, and evaluating the reliability of the results in light of potential specification or data problems.

Numerous NERA staff contributed to the book. Members of NERA's research staff, including John Scalf, Kate Foreman, Ipsita Agarwal, Brian Allen, Jennifer Bennett, Nathan Blalock, Morris Chow, Tyler Fach, Greg Klausner, and Joan Wolff, reviewed and edited the book. Tracy Orcholski and Andrew Slottje contributed significantly to the chapter on the use of econometrics in recent merger cases. Morris Chow managed the final manuscript and worked to ensure the intellectual and professional quality of the final product. Katie Brown, Sally Holec, Mary Ly, and Silvia Santos also devoted many hours to get the manuscript ready for publication.

To learn more or to purchase the book, please visit the ABA website.

About NERA

NERA Economic Consulting ( is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For more than six decades, we 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 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. Continuing our legacy as the first international economic consultancy, NERA serves clients from major cities across North America, Europe, and Asia Pacific.