Areas of Practice

Micronomics is an economic research and consulting firm engaged in the collection, tabulation and interpretation of complex financial, economic, and statistical data. We provide litigation and business consulting services in a wide range of practice areas and industries.

Real Estate

We combine financial theory with practical real estate experience to provide answers to complex questions of value. Areas of expertise include:

  • Asset & Portfolio Valuations
  • Economic Damage Calculations
  • Financial Product Analyses
  • Pro Forma Modeling
  • Economic Impact Analyses
  • Feasibility Studies
  • Market Studies
  • Lender Liability Matters

With in-house staff coming from the fields of real estate investment, real estate development, and real estate asset management, Micronomics has an appreciation of the legal and financial nuances particular to the world of real estate.

We work with developers and investors to quantify the risks and rewards of potential real estate projects for the purposes of informing investment decisions.

In the area of damages calculations, we are often asked to determine the impact of some event on the performance of real estate assets.

We also have considerable experience performing cost-benefit analyses and impact studies in the area of real estate. We examine issues such as lease versus buy decisions, the economic impact of development on local economies, and the fiscal impacts of development on municipalities.

Antitrust

We have been engaged to examine a broad range of antitrust matters, combining economic theory with sophisticated econometric analysis to solve complex problems. We have extensive experience presenting liability and damages positions before courts, regulatory agencies, arbitration panels, and in settlement negotiations. Our expertise includes:

  • Merger analysis
  • Market definition
  • Market power
  • Damages and lost profits
  • Price simulations
  • Competitive impact
  • Monopolization
  • Price fixing
  • Tying or bundling
  • Predation
  • Collusion
  • Dumping
  • Standard setting

In addition to analytical expertise, our consultants have considerable experience calculating damages attributable to anticompetitive activities. We have developed models to determine damages caused by predatory pricing, price discrimination, price-fixing, and other antitrust claims.

For class action claims, Micronomics consultants have analyzed issues such as whether the alleged anticompetitive conduct had a common impact on class members and whether damages for class members could be calculated by formulaic methods.

Econometrics and Statistics

Sophisticated statistical analysis plays an integral part in many of our consulting engagements. Our expertise includes:

  • Hypothesis testing
  • Regression analysis
  • Financial econometrics
  • Forecast analysis
  • Imputation of missing data
  • Survey design and implementation
  • Survey analysis
  • Event studies

Economic Damages

We have developed damage theories and calculated economic damages in a wide range of cases. We also have been asked to analyze damage theories and estimates developed by other experts. Our work has included assessements of economic damages in connection with:

  • Antitrust
  • Intellectual property infringement
  • Breach of contract
  • Securities litigation
  • Labor and employment litigation
  • Fraud

Financial Markets Litigation

We offer clients a wide range of consulting services in securities, banking, and insurance litigation. We bring together cutting-edge analytical tools from modern finance theory and econometrics to solve complex problems. Our expertise includes:

  • Event study analysis in securities fraud cases
  • Assessments of the impact of financial disclosures
  • Valuation of employee stock options in employment disputes
  • Quantification of damages in fraud cases
  • Analyses of economic and financial aspects of corporate restructuring plans and bankruptcy situations.

Intellectual Property

The valuation of intellectual property assets is one of our core competencies. Micronomics has been active in this area for more than two decades, with experience that includes investigations of high profile patent, trademark, and copyright infringement matters, as well as theft or misappropriation of trade secrets. Engagements in this area have included investigations relating to:

  • Reasonable royalty analysis
  • Calculation of lost profits
  • Calculation of price erosion damages
  • Competitive issues and market definition
  • Commercial success
  • Convoyed sales
  • Royalty audits
  • Standard setting

Our efforts have included numerous engagements involving telecommunications, semiconductors, software, medical products and pharmaceuticals. We have assembled an extensive library of industry trade press, analyst reports and scientific investigations. We are able to turn to and draw upon these materials as appropriate in our work.

Our staff also is practiced in the economic and financial valuation techniques required to properly assess the value of specific intellectual property assets. These capabilities, together with our experienced understanding of the governing legal and institutional framework, enable us to provide valuable consulting support to companies engaged in complex patent litigation or licensing negotiations even when intellectual property management is complicated by the need to cross license technology owned by others or predict the useful life of a technology.

Merger Analysis

We have extensive experience assessing the competitive impact of mergers and acquisitions, and have consulted on a wide range of issues related to both horizontal and vertical transactions. Our consultants have developed specialized models for predicting the magnitude of unilateral price effects. This analysis requires a thorough understanding of market structure, consumer behavior and barriers to entry. Substantial in-house programming capability and state-of-the-art database management skills have allowed us to handle even the most complex cases. Our experts have provided testimony and presented White Papers to all of the primary antitrust enforcement agencies.

Prior engagements have included:

  • Defining relevant antitrust markets
  • Examining the nature of competition
  • Measuring market concentration
  • Analyzing the potential for exercise of monopoly or monopsony power
  • Estimating merger efficiencies

Employment and Labor

We have extensive experience with complex employment and labor litigation and have served as experts in wage and hour class action matters, wrongful termination disputes and employment discrimination cases. Areas of expertise include:

  • Class certification issues
  • Use of employer payroll records
  • Statistical and econometric analyses
  • Analysis of damages claims
  • Claims management

We also have developed and applied court-approved sampling techniques to estimate overtime hours worked by class members who advanced claims for overtime pay, and have analyzed wage, promotion and other aspects of compensation in connection with employment discrimination claims.