NERA Economic Consulting Asia

THE SCOOP

It's the economy, stupid
NERA Economic Consulting makes its buck off understanding what many people can't: the economy. The New York-based firm provides economic advice, analysis, expert testimony and regulatory insight for clients throughout North 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 half a century. It specializes in bringing academic analysis, objectivity and real-world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance and litigation using hard economic data to make its case, drawing on its professionals' expertise in statistics, 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. In 1983, global professional services firm Marsh & McLennan bought out the firm, with Joskow staying on with the company under Marsh & McLennan's direction, and Stelzer acting as president for several years before he opted to strike out on his own. 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 call on NERA professionals to provide 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 spiraling 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; risk management, business valuation and dispute avoidance-and if that doesn't work-dispute resolution, among other services.

NERA is also deeply involved in climate change analysis. As policies to reduce greenhouse gas emissions are proposed and implemented, NERA economists help government entities and companies understand the complex effects of those regulations, promote renewable energy and improve energy efficiency.

Publish and be … recognized
Not surprisingly, for a company boasting a plethora of academics, NERA's consultants like to publish their findings in formats that range from journal and magazine articles to white papers and books. Interviews with NERA consultants also pop up regularly in publications the world over.

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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
www.nera.com

STATS


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

Major Office Locations

  • New York, NY

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