Law firms, state institutions, and other organizations may rely on economic consultants to produce research, analyses, reports, and testimony to be used in trial.
Economic consulting also deals with various matters that require data-intensive analyses, such as macroeconomics research, program evaluation, policymaking, and commercial strategies.
[13] In the class certification phase, the judge's opinion cited evidence from both plaintiff and defendant economic experts regarding common impact of damages, price trends, and the structure of the vitamins industry.
[21][1] Consultants perform empirical analysis, often developing complex regression models to determine factors such as the impact of a proposed merger or price increases due to anticompetitive behavior.
[11] The article's authors credit the economic consulting industry with the decline in merger enforcement and the rise in market concentration.