CRA assessed the market for inter-facility ambulance transport services on behalf of a plaintiff ambulance company that was unsuccessfully attempting to compete effectively against the incumbent monopolist ambulance company that was affiliated with the local hospital system. CRA analyses demonstrated that the market was appropriately limited to inter-facility ambulance transports and constrained geographically. CRA also explained the economic rationale for the hospital and incumbent ambulance company to attempt to prevent competitive expansion by plaintiff and calculated the damages associated with these anticompetitive actions. After surviving a motion to dismiss, the parties settled.
New research on the use of conjoint surveys with market simulation analysis for damages estimation in consumer protection class action litigation
Market simulations that we have seen used in consumer protection class action litigation apply what is known as the static Nash Bertrand model of competition...