Legal Economics is a firm providing economic expert witnesses and support staff. It specializes in the independent analysis of particularly complex economic issues related to legal issues.
Professor Einer Elhauge, President
Einer Elhauge is President of Legal Economics. He is the author of U.S. Antitrust Law & Economics (Foundation Press: 4th ed. 2022) and Statutory Default Rules (Harvard University Press 2008), and co-author of Global Antitrust Law and Economics (Foundation Press: 3d ed. 2018) and Areeda, Elhauge & Hovenkamp, Vol X, Antitrust Law (Little, Brown 1996), and author of numerous articles on antitrust economics, health care, and other subjects. He has provided expert economic testimony at trial and by deposition in many matters, including in private action lawsuits and in class action lawsuits. He has also presented economic reports to several governmental bodies, including the U.S. Congress, the FTC, the Department of Justice, the FCC, the European Commission, and the Korean Fair Trade Commission. He holds a JD from Harvard Law School, where he was awarded the Fay Diploma for graduating first in his class. His particular areas of expertise are antitrust economics and health care economics. Curriculum vitae
Professor Ryan Bubb, Affiliate
Ryan Bubb joined the NYU School of Law faculty in 2010. He was formerly a senior researcher at the Financial Crisis Inquiry Commission, created by Congress to examine the causes of the financial crisis, and a policy analyst at the Office of Information and Regulatory Affairs in the Office of Management and Budget. Since joining the NYU faculty, he has held visiting professor, visiting scholar, or visiting fellow positions at Harvard Law School, Stanford Law School, U.C. Berkeley School of Law, the University of Chicago School of Law, and the Federal Reserve Bank of Boston.
Professor Bubb teaches courses in corporate and securities law and in law and economics. In 2014 the Law School awarded him the Podell Distinguished Teaching Award.
Professor Bubb has published over a dozen articles in peer-reviewed economics journals and law reviews on a range of topics applying economic analysis to law. His work includes an econometric analysis of the effect of mortgage securitization on mortgage underwriting, published in the Journal of Monetary Economics, and a legal and economic analysis of the reforms to the mortgage market adopted following the financial crisis of 2007 to 2008, published in the University of Pennsylvania Law Review.
Professor Bubb's expertise includes corporate governance and securities law, consumer credit, cost-benefit analysis of regulation, and the asset management industry. He has served as an expert on legal and economic issues related to mortgage securitization, consumer credit, and financial regulation in both litigation and regulatory proceedings.
Bubb received his B.S. in physics from the College of William and Mary in 1998. After graduating with a J.D. from Yale Law School and an M.A. in economics from Yale University in 2005, he began doctoral work in the department of economics at Harvard University, where he received his Ph.D. in 2011. Curriculum vitae
Professor Nicholas Economides, Affiliate
Professor Nicholas Economides is an internationally recognized academic authority on network economics, electronic commerce, antitrust and public policy. His fields of specialization and research include the economics of networks, especially of telecommunications, computers and information, the economics of technical compatibility and standardization, industrial organization, the structure and organization of financial markets and payment systems, antitrust, application of public policy to network industries, strategic analysis of markets and law and economics.
He has extensive experience providing expert witness testimony in legal cases. He currently serves as Professor of Economics at New York University's Stern School of Business and Executive Director of the Networks, Electronic Commerce and Telecommunications Institute. His website www.stern.nyu.edu/networks has been ranked as one of the top four economics websites by The Economist. Curriculum vitae
Professor Barak Richman, Affiliate
Barak Richman is the Edgar P. and Elizabeth C. Bartlett Professor of Law and Business Administration at Duke University. He has a J.D., magna cum laude, from Harvard Law School, and a PhD from the University of California, Berkeley, where he studied under Nobel Laureate in Economics Oliver Williamson. His interdisciplinary research focuses on antitrust law, health policy, and institutional economics, and his publications have appeared both in top law reviews as well as journals Law and Social Inquiry, the New England Journal of Medicine, the Journal of the American Medical Association, and Health Affairs. In 2006, he co-edited with Clark Havighurst a symposium volume of Law and Contemporary Problems entitled "Who Pays? Who Benefits? Distributional Issues in Health Care," and his book Stateless Commerce is to be published by Harvard University Press in 2015.
Professor Richman's primary appointment is at Duke Law School, where he won the Blueprint Award in 2005 and was named Teacher of the Year in 2010, and he also is on Fuqua's Health Sector Management faculty and is a Senior Fellow at the Kenan Institute for Ethics. He represented the NFL Coaches Association in an amicus curiae brief in American Needle v. The Nat'l Football League, which was argued before the U.S. Supreme Court in January 2010 and again in Brady v. The Nat'l Football League in 2011. His recent work challenging illegal practices by Rabbinical Associations was featured in the New York Times. Curriculum vitae
Professor Steven Shavell, Affiliate
Steven Shavell is an economist whose major area of professional interest is in the application of economics to legal issues. He obtained a PhD in economics from M.I.T. in 1973, joined the Department of Economics at Harvard University in 1974, and became a member of the Harvard Law School faculty in 1980, where he is the Samuel R. Rosenthal Professor of Law and Economics and also director of Harvard University's John M. Olin Center for Law, Economics, and Business. He is a Research Associate of the National Bureau of Economic Research and was the director of its Program of Law and Economics. He serves as co-editor of the American Law and Economics Review and co-editor of the Journal of Legal Analysis and is on the board of editors of a number of other journals.
Professor Shavell has been a Guggenheim Fellow, is an elected member of the Econometric Society and an elected member of the American Academy of Arts and Sciences, and was president of the American Law and Economics Association. He has published over a hundred articles, mainly in the application of economics to tort, contract, property, and criminal law, and also to the economics of litigation. He has published a number of books, including Economic Analysis of Accident Law (Harvard University Press, 1987), Foundations of Economic Analysis of Law (Harvard University Press, 2004); and he is co-editor of the landmark two volume reference Handbook of Law and Economics (Elsevier, 2007). Professor Shavell has extensive experience as an expert on commercial and product liability, punitive damages, class actions, legal fees, intellectual property, and violations of public law. His work spans multiple industries, including pharmaceuticals, telecommunications, insurance, oil, automobiles, and computer hardware and software. Curriculum vitae