About NERA Economic Consulting Asia

NERA Economic Consulting makes its buck off understanding what many people can't: economics. The global firm provides economic advice, analysis, expert testimony, and regulatory insight for clients throughout North America, Latin America, Europe, and the Asia-Pacific region. Employing more than 500 professionals, including 425 economists, the firm has been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations for more than half a century. NERA specializes in bringing academic analysis and rigor, objectivity, and real-world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation. The firm uses hard economic data to make its case, drawing on its professionals' expertise in statics, econometrics, game theory, mathematics, and computer science.

A big umbrella

NERA was founded in 1961 as National Economic Research Associates by Dr. Jules Joskow-a professor of economics-and Dr. Irwin Stelzer, an economist. It was the first consulting firm dedicated to methodically applying rigorous microeconomic thought to litigation and regulatory matters. In 1983, global professional services firm Marsh & McLennan acquired the firm, with Joskow staying on with the company under Marsh & McLennan's direction and Stelzer acting as president.  Today, NERA exists as a business unit of Marsh & McLennan's subsidiary the Oliver Wyman Group, operating alongside other Marsh & McLennan professional services units, such as risk and reinsurance specialist Guy Carpenter, insurance broker and risk adviser Marsh, and human resources solutions provider Mercer.

NERA know-how

Among NERA's many service offerings, it is often called on for its antitrust capabilities. Respected and experienced in the world of antitrust and competition authorities, clients depend on NERA professionals for economic analysis and testimony on business issues related to mergers and acquisitions, antitrust litigation, and competition policy. Consultants are able to look at economic matters arising in antitrust cases and to help clients deal with issues such as market definition and power, market structure and entry conditions, pricing, profitability, and damages.

With total write-downs and losses stemming from the credit crisis reaching into the trillions worldwide, financial institutions facing an emerging regulatory and competitive environment come to NERA for assistance in securities and commercial disputes, market efficiency and trading analysis, valuations of fixed-income and derivative products, and risk management. NERA also provides expert advice on commercial litigation and damages. Consultants in this area provide analyses of clients' competition, regulatory environment, and management decisions; cost, pricing, and product strategies; and risk management, business valuation, and dispute avoidance and resolution, among other services.

NERA's Energy, Environment, Communications & Infrastructure (EECI) Practice is on the cutting edge of the information technology age, responding to the marriage of energy and environmental issues with technological advancement in the telecom/internet arena and the infrastructure required to support it. Our forward-thinking group has identified specific market needs and has created an innovative offering of services. Each component of NERA's EECI practice rests on four pillars of expertise: Litigation, Regulatory, Transactional, and Advisory. Our experts are uniquely situated to offer a cross-industry perspective to the wide range of challenges our clients encounter.

Publish and be … recognized

Not surprisingly, for a company boasting numerous academics, NERA's consultants are constantly publishing their findings in formats that range from journal and magazine articles to white papers and books. NERA consultants are often interviewed and their expertise sought by publications around the world. In addition, NERA experts are often requested to participate as speakers, panelists and moderators in industry and topical conferences. 


July 2017

Energy Economist Joins NERA Economic Consulting 

Julie M. Carey  joined the firm's Energy, Environment, Communications & Infrastructure Practice as a Director. Ms. Carey is an energy economist who regularly serves as an expert witness in energy-related commercial and regulatory disputes, as well as in international arbitrations. She has more than 20 years of experience addressing economic issues in power, oil and gas, coal, renewables, pipelines, and railroad sectors. Ms. Carey has authored expert reports and provided expert testimony on energy industry matters in US courts, before international arbitration panels, and before the Federal Energy Regulatory Commission (FERC), National Energy Board, and many other regulatory agencies. Ms. Carey is an Adjunct Professor at Georgetown University, where she teaches energy economics in the graduate economics program. She earned her MA in economics from Pennsylvania State University and BA in economics from Allegheny College. Ms. Carey frequently speaks at energy industry conferences and provides insights on energy market dynamics and economic issues. 

June 2017

Alon Carmel Appointed Visiting Fellow at the London School of Economics Grantham Research Institute on Climate Change and the Environment 

NERA Economic Consulting Senior Consultant Alon Alon Carmel was appointed a Visiting Fellow at the London School of Economics and Political Science Grantham Research Institute on Climate Change and the Environment. Mr. Carmel was selected based on his extensive experience as an advisor on renewable energy, auctions, and carbon markets, as well as gas and electricity networks. Mr. Carmel's research will focus on clean energy transitions and financing, energy market design and policy, and carbon pricing and markets. The Grantham Research Institute on Climate Change and the Environment was established by the London School of Economics and Political Science in 2008 to create a world-leading center for policy-relevant research and training on climate change and the environment, bringing together international expertise on economics, finance, geography, the environment, international development, and political economy. 

March 2017

NERA Experts Honored with 2017 Antitrust Writing Award

NERA Associate Directors Jennifer Cascone Fauver and Dr. Subbu Ramanarayanan received an award for the Best Antitrust Business Article in the Economics category at the Concurrences 2017 Antitrust Writing Awards. Their article, "Challenges for Economic Analysis of Mergers Between Potential Competitors: Steris and Synergy," examines the Federal Trade Commission's failed challenge of the merger between Steris Corporation and Synergy Health in 2015, which was based on the potential competition doctrine. The article uses the setting of the Steris-Synergy merger, and the arguments employed by the FTC and the merging parties as part of the preliminary injunction proceedings, to illustrate the challenges that economists face in analyzing mergers between potential competitors.

January 2017

NERA Announces New Chair of Firm's Energy, Environment, Communications & Infrastructure Practice

NERA Economic Consulting Managing Director Dr. Christian Dippon was named Chair of NERA's Energy, Environment, Communications & Infrastructure (EECI) Practice. Dr. Dippon, who also serves as Co-chair of NERA's Communication, Media and Internet Practice, specializes in economic and business challenges in communications and high-tech industries, advising his clients in complex litigation disputes, antitrust matters, and regulatory and policy issues. Dr. Dippon has extensive testimonial experience, including depositions and expert testimonies before state and federal courts, the Federal Communications Commission, the International Trade Commission, numerous state commissions, and international courts and regulatory authorities. With 19 years of experience, Dr. Dippon is an internationally renowned expert in communications, with deep expertise in Internet, wireline, wireless, cable, and equipment markets. He has consulted to clients in countries around the world. Dr. Dippon has authored and edited several books as well as book chapters in anthologies and has written numerous articles on telecommunications competition and strategies. He also frequently lectures in these areas at industry conferences, continuing education programs for lawyers, and at universities.

January 2017

NERA European Competition Economics Practice Expands In Paris 

NERA Economic Consulting expands its European Competition Economics Practice in Paris, with the addition of Prof. Dr. Marc Ivaldi and Dr. Alexandre Carbonnel. Prof. Dr. Ivaldi and Dr. Carbonnel enhance the expertise of NERA's already strong European Competition Economics team and boost the capacity of the firm's Paris office to help clients succeed in today's rapidly changing legal and regulatory environment. With this addition, NERA builds on its strengths and continues to provide unrivaled sophistication in merger analysis, cartel investigations, the quantification of damages, and analyses of the competitive issues that often surround disputes over abuse of dominance, state aid, and pricing, with its team of competition economists in Berlin, London, Paris, Brussels, Madrid, and Rome.


October 2016 NERA Authors Contribute to The Handbook of Mortgage-Backed Securities, 7th Edition 

Fifteen NERA Economic Consulting experts authored chapters in the recently published seventh edition of The Handbook of Mortgage-Backed Securities. Edited by Dr. Frank J. Fabozzi, one of the world's foremost authorities on fixed-income securities and derivative instruments, The Handbook of Mortgage-Backed Securities is the premier technical resource for participants in the mortgage securities market. This seventh edition is the first revision following the subprime mortgage crisis. As with previous editions dating back to the origins of structured products in the early 1980s, The Handbook is designed to provide not only the fundamentals of securities and the investment characteristics that make them attractive to a broad range of investors, but also extensive coverage of the state-of-the-art strategies for capitalizing on the opportunities in this market. Dr. Fabozzi selected several NERA Economic Consulting experts to contribute chapters in an effort to offer a broad perspective from practitioners actively involved in the evolution of the mortgage-backed securities market.

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NERA Economic Consulting Asia

1166 Avenue of the Americas, 29th Floor
New York, NY 10036
Phone: +1-212-345-3000
Fax: +1-212-345-4650


  • Employer Type: Public
  • Stock Symbol: MMC
  • Stock Exchange: NYSE
  • President: Andrew S. Carron
  • 2009 Employees: 600

Major Office Locations

  • New York, NY