A team of CRA economists assisted counsel for Watson Wyatt Worldwide and Towers, Perrin, Forster & Crosby in securing US antitrust clearance for their proposed merger. Both firms operate globally, offering a wide range of services including actuarial consulting, investment management advice, benefits administration, and executive compensation consulting. CRA economists prepared and presented economic analyses to the Department of Justice demonstrating the robust competition and insubstantial barriers to entry, expansion, and repositioning that characterize these business segments. The DOJ cleared the proposed merger without modification and without issuance of a Second Request.
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...