GSE Consulting Day 2010: NERA Economic Consulting

NERA Economic Consulting Marcelo Rabinovich Economic Analyst Barcelona 26 February 2010

Who is NERA?
NERA Economic Consulting is an international consulting firm which gives expert economic advice...
specialised in the application of Microeconomics…
for regulatory, competition, litigation and strategy problems …
to corporations, regulators and international agencies.
Why we are different from other consulting firms
We only work on projects in which Microeconomics knowledge is valuable
We apply economic theory, so we are confident with our results
We prepare reports (not presentations)
We only work in our own office (not at the client’s)

Where do we come from?
NERA is a division of the Oliver Wyman Group ($1,200 M in turnover), which in turn is a subsidiary of MMC ($12,000 M).
Marsh Guy Carpenter Kroll Oliver Wyman Group Mercer HR MMC INSURANCE RISK CONSULTING Oliver Wyman NERA Lippincott

Where are we? Our global team of more than 600 professionals operates in more than 20 offices across North America, Europe, and Asia Pacific. Sydney Tokyo Chicago Denver San Francisco Los Angeles Boston New York City Philadelphia Washington, DC White Plains Ithaca Madrid Rome Frankfurt London Brussels Paris Melbourne Shanghai Auckland Beijing Wellington Geneva Toronto

What do we do?
Regulation and Industrial Organization
How to design electricity markets?
How to remunerate a regulated monopoly?
How to design an auction?
Competition Policy
What is the impact of mergers and acquisitions on competition?
What is competitive behaviour?
Is anyone behaving anti competitively?
Strategy
Long run market behaviour
Investment option values
Optimal hedge of forward positions

What do we do?
Litigation and arbitrations
What is the value of the damage caused?
Was the market distorted?
Who should bear the cost of unforeseen events in a contract?
Transfer Pricing
What is the contribution of the activities of a firm to its overall value?
How should each activity be remunerated given its contribution to value?
What is the value of a firm’s patents and brand names?
Intellectual Property
What value has a creation for radio and TV shows? And for films?
What is the rationale behind the behaviour of collecting societies ?
How to remunerate creators for the private copying of their works?

Who are our clients? Companies Law firms International Agencies Regulators

The keys of NERA’s success
A team of highly qualified professionals
A network of consultants with worldwide expertise
More than 45 years experience
Rigorous application of economic analysis
A commitment to quality
Reputation for independence

How are we organised?
Sectors
Electricity
Natural gas
Telecommunications
Transport
Water
Health
Finance
Labour
Specialisations
Competition Policy
Market design
Contracts design
Tariffs design
Auctions design and administration
Transfer pricing
Intellectual Property
Damages valuation
Teams are organised by sectors and specialisations , which support each other.

What are we looking for?
Academic requirements
Master’s or PhD degree in Economics, preferably focused on Microeconomics or Industrial Organisation
Fluent in (both written and spoken) English
Knowledge of quantitative tools
Personal requirements
Interested in Microeconomics
Intellectual curiosity and willingness to learn
Mental agility, creativity and intellectual rigour
Team workers

Careers at NERA Researcher Economic Analyst Consultant Senior Consultant Associate Director Director Gathers data, reviews academic literature and regulations Manages and analyses information and databases Leads specific analysis and writes parts of reports Leads projects, coordinates juniors’ work, writes reports, deals with clients Determines the strategy in projects and manages clients and teams Master’s in Economics PhD or Master’s with relevant experience

What do we offer?
The usual…
Competitive salary package
Good work environment
Merit-based promotion
But also…
Client-oriented applied-economics work
Being at the edge of the regulatory and industrial policy developments
Possibility of becoming a nationally and internationally recognised expert

Want to know more?

Contact us Marcelo Rabinovich Economic Analyst Madrid +34 91 212 6400 [email_address] © Copyright 2008 National Economic Research Associates, Inc. All rights reserved. Amaia Grijalbo Recruitment Madrid +34 91 212 6400 [email_address] [email_address]

GSE Consulting Day 2010: NERA Economic Consulting

by Barcelona Graduate School of Economics (GSE) on Feb 26, 2010

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GSE Consulting Day 2010: NERA Economic Consulting — Presentation Transcript