Litigative Economics
RRC has extensive experience in assisting attorneys in relating complex legal matters to economic, financial, and statistical evidence. RRC has been successful in the analysis of issues such as contract violations, product liability and warranty, theft of trade secrets, discrimination, monopolization, price-fixing, monopsony purchasing, boycotts, licensing restrictions, and damage theories. Often economic evidence suggests a line of argument, supported by sound economic theory, which narrows
the scope of a case and offers an efficient, effective avenue for successful litigation.
Boycotts
Economic boycotts are designed to alter the demand for a good or service through an organized conspiracy. Evidence of an effective conspiracy is often difficult to assemble; evidence of a change in demand is even more difficult to document. A change in demand must be isolated from other influencing factors. Evidence sometimes comes from cross-sectional data that can eliminate the complications of business cycles or seasonal changes. Plaintiffs must be able to prove the existence of an organized boycott and the resulting measurable reduction in the demand for the product. The empirical evidence necessary to support the plaintiff's case require significant empirical analysis.
Expertise and Work History
Honorable Mentions
$2 Billion Case Remanded - Testimony of Donald House, Sr. cited in the decision.
How Can an Attorney Best Utilize a Damages Expert? by Clifford L. Fry, Ph.D.
This article is published in BullsEye,
a legal blog on expert topics published
by IMS ExpertServices.
Economic Testimony
There are times in which the economic expert is either unprepared or led into difficult positions. Likewise, there are times in which the cross examination opens the door for further damaging economic testimony. Over the years, we have compiled a list of pitfalls and successes among economic experts we have observed.