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.
Monopolization and Attempt to Monopolize
The theory of monopoly power is generally understood by the courts. However, measurement of monopoly power entails an examination of competitors, a supportable definition of the relevant market, and an evaluation of possible barriers to entry. Under Rule of Reason, economists must often reconcile collected evidence with existing economic studies. Economists often deal with evidence of market shares from industry periodicals in offering an appropriate definition of the relevant market. In most courts, statistical estimates of market share alone are not persuasive. Discovery and deposition testimony often uncover evidence of intent and corporate goals which assist in the interpretation of alleged anti-competitive behavior.
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.