In a Q&A for Corporate Disputes Magazine, CRA Vice President Tim Snail discusses what has precipitated the recent rise in disputes within the food and beverage sector and the trends observed in these cases. Dr. Snail shares his thoughts on litigation trends in the sector, how companies should assess appropriate methods for resolving such disputes, and how the extent of damages is assessed in these cases using various damages models. Dr. Snail believes that there will continue to be high-stakes litigation in this industry, and changing consumer preferences and innovative technologies are drawing companies into new product cases for which the litigation risk is unknown, affecting litigation in the future.
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...