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Prominent trade and industry publications often capture NERA's intellectual leadership across a broad range of topics. Presented below are links to our latest thinking. To view all publicly available NERA publications, visit our website's eLibrary.
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The Use of Economic Analysis in Predatory Lending Cases: Application to Subprime Loans

20 November 2008


By Dr. Denise Neumann Martin, Dr. Stephanie Plancich, and Dr. Faten Sabry

In this paper, NERA Senior Vice President Dr. Denise Martin, Senior Consultant Dr. Stephanie Plancich, and Vice President Dr. Faten Sabry review the definition of predatory lending and describe the recent litigation history.

SEC Settlements: A New Era Post-SOX

10 November 2008


By Jan Larsen with Dr. Elaine Buckberg and Dr. Baruch Lev

This new study provides an overview of trends NERA has identified in the number of settlements and settlement values in the six years since the passage of SOX.

Organisation et financement de la recherche et développement dans un contexte intra-groupe (R&D Organization and Financing in an Intra-Group Context)

1 November 2008


By Dr. Emmanuel Llinares and Sébastien Gonnet
Published in Bulletin Crédit Impôt Recherche

In this article, the authors explain how intra-group R&D structuring and financing pose significant consequences for MNEs, not only from tax and transfer pricing angles but also from operational and financial angles.

The Role of Fixed Cost Savings in Merger Analysis

1 November 2008


By Dr. Robert Rubinovitz
Published in the Journal of Competition Law and Economics

This article demonstrates how, when the fixed cost of producing quality decreases, consumer welfare can increase, clearly demonstrating why fixed cost savings should be given more weight in merger analysis.

A Second Look at Section 2 of the Sherman Act

24 October 2008


Dr. Elizabeth M. Bailey and Dr. Timothy Daniel

In this issue of Antitrust Insights, NERA Senior Vice President Dr. Timothy Daniel and Special Consultant Dr. Elizabeth Bailey examine business practices that are potentially subject to scrutiny under Section 2 of the Sherman Act.

Innocent Until Proven Guilty -- Or Not: An Economic Review of Market Power and Price Fixing Allegations for Text Messaging Services

23 October 2008


By Christian Dippon

Alleged price fixing in mobile text messaging is emerging as the next wave in telecommunications litigation. NERA Vice President Christian Dippon takes a hard look at the economics of this growing issue.

Do Options Backdating Class Actions Settle For Less? -- October 2008 Update

22 October 2008


By Robert Patton, Dr. Branko Jovanovic, and Svetlana Starykh

This paper is an update to our June 2008 publication, Do Options Backdating Class Actions Settle For Less?

IQI Reviewed: Comments on Frontier Economics' Paper

21 October 2008


By Graham Shuttleworth

Frontier Economics (FE) wrote a paper that considered the strengths and weaknesses of Ofgem's IQI for capital expenditure projections. In response, EDF Energy asked NERA Director Graham Shuttleworth to review the FE paper.

Economists' Views: New Playbook for a Financial Crisis

21 October 2008


Edited by Dr. Elaine Buckberg and Dr. Ronald I. Miller

This NERA brief describes the extraordinary sequence of policy developments regarding the Paulson Plan and the Emergency Economic Stabilization Act of 2008.

Guideline Companies in Valuation: The Economist's View of the Market Approach

13 October 2008


By Dr. David Tabak

This paper examines how a careful approach to the market method can yield more defensible valuations that are also more in line with the Daubert criteria for expert testimony.

The Paulson Proposal: An Update on Economists' Views

10 October 2008


Edited by Dr. Ronald I. Miller and Dr. Elaine Buckberg

This brief provides a description of what is new in the final version of the Paulson Plan and a discussion of some proposals by economists for additional measures that might be taken beyond the present Act.

Purchase-Sale Matching in Securities Litigation: FIFO, LIFO, and Offsets

9 October 2008


By Raymund Wong

In this paper, NERA Senior Consultant Raymund Wong explores the existing legal and theoretical support for the FIFO and LIFO methods, and examines the implications for damages calculations.

Probability of Peak Analysis for Time-of-Use Rate Design

6 October 2008


By Amparo Nieto

NERA Senior Consultant Amparo Nieto delivered this presentation to utility rate and costing professionals at the Marginal Cost Working Group meeting in Boston on 6 October 2008.

New German Legislation: Relocation of Functions

1 October 2008


By Dr. Alexander Voegele
Published in Tax Planning International Transfer Pricing

This article xamines new German legislation that concentrates on the relocation of functions and imposes taxation thereon.

Transfer Prices Determined by Game Theory: Underlyings

1 October 2008


By Dr. Alexander Voegele, Sébastien Gonnet, and Bastian Gottschling

This article describes the basics of game theory and demonstrates how it can be applied to transfer pricing in theory and in practice.

Buying the Bad Stuff: Implementation Considerations for the Paulson Plan

27 September 2008


By Dr. Chantale LaCasse, Dr. Marcia Kramer Mayer, Dr. Arun Sen, and Dr. Elaine Buckberg

This paper examines implementation considerations for the Paulson Plan, focusing specifically on the reverse auction process and the key economic issues to consider when designing auctions to purchase troubled assets.

The Paulson Proposal: Economists' Views

26 September 2008


Edited by Dr. Fred Dunbar, Dr. Elaine Buckberg, and Dr. Ronald I. Miller with the assistance of Dr. Denise Martin, Dr. John Montgomery, Dr. David Tabak, and other NERA economists

Members of NERA's Securities and Finance Practice have drafted this brief, which presents a summary of current thinking by academic economists and reviews the proposed Paulson Plan as well as alternative plans intended to stabilize the financial system.

Reform of Italian Water Services Tariffs Calculations

18 September 2008


By Dr. Francesco Lo Passo, Giordano Colarullo, and Maria Mocella

A NERA team has contributed a chapter to the Confindustria report on the reform of the Italian water services tariffs calculations.

A Key Ruling On Materiality In Insider Trading Cases

16 September 2008


By Dr. Marcia Kramer Mayer and Cory Hohnbaum, Partner at King & Spalding
Published in Securities Law360

The authors discuss the ramifications of a recent ruling in which a federal court granted John F. Mangan Jr.'s motion for summary judgment and dismissed the SEC's insider trading claim against him.

The Impact of OECD Developments on Transfer Pricing in the UK

1 September 2008


By Dr. Graham Poole
Published in Euromoney Yearbooks' Transfer Pricing Review

In this article, NERA Associate Director Dr. Graham Poole examines a range of recent OECD developments and their implications for transfer pricing in the UK and potentially elsewhere.

Focus on Profit Split Method

1 September 2008


By Dr. Alexander Voegele
Published in BNA International's Transfer Pricing Manual

NERA Special Consultant Dr. Alexander Voegele has contributed a chapter on the profit split method to a new Transfer Pricing Manual from BNA International.

Quantitative Evaluation of Financial Instruments for Renewable Heat -- Phase II

1 September 2008


By Daniel Radov and Per Klevnas

In this report, NERA Associate Director Daniel Radov and Consultant Per Klevnas present the results of research to quantify the potential costs of policies to achieve certain target levels of renewable heat within the UK by 2020.

Adjusting Uncontrolled Profit-Based Benchmarks for Differences in Operating Expense Structure

30 August 2008


By Dr. Vladimir Starkov
Published in Tax Planning International Transfer Pricing

This article argues that profitability ratios based on operating profit obtained from data on uncontrolled transactions may have to be adjusted to reflect lower intensity of certain operating costs often associated with intercompany transactions.

 
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