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Lawrence Wu

Dr. Wu's expertise is in the fields of antitrust and intellectual property economics at Nera Economic Consulting. He has testified in US district courts and in a variety of regulatory proceedings. Prior to joining NERA, he was a staff economist in the Bureau of Economics of the Federal Trade Commission (FTC). From 2011 to 2015, he was a Visiting Scholar at the Stanford Institute for Economic Policy Research (SIEPR) at Stanford University. In the area of antitrust, Dr. Wu has evaluated the competitive effects of numerous mergers and acquisitions. These include proposed and consummated transactions.  He also has been retained as an economic expert to testify on issues related to antitrust class certification, liability, and damages. He has testified on issues related to price fixing, as well as market definition and market power in antitrust litigations involving allegations of exclusive contracting, price discrimination, and anticompetitive exclusionary conduct. Dr. Wu has analyzed these and other competitive issues in a variety of retail, manufacturing, and service industries, but he is particularly well known for his work in the area of health care, which includes health insurance, hospital services, physician services, and a variety of medical devices and technologies. With respect to intellectual property economics, Dr. Wu has testified on reasonable royalties, and he has written and consulted on issues involving patent pools. Dr. Wu is the co-author of a book on antitrust class certification, "The Revolution in the Law and Economics of Antitrust Class Certification." He also has edited three books on the economics of antitrust, including a book on the use of econometrics in antitrust analysis. His publications, which have appeared in Antitrust, The Antitrust BulletinAntitrust Chronicle, Antitrust Report, The Antitrust Source, European Competition Law ReviewJournal of Business Venturing, and Medical Care, include articles on merger analysis, market share-based merger screens, empirical methods in merger analysis, patent pools, and the multiple dimensions of market power. He also is frequently invited to speak at conferences and seminars. Dr. Wu earned his PhD from the University of Chicago Graduate School of Business and his BA from Stanford University.

Positions:

  • Senior Vice President, Antitrust and Intellectual Property Practices, NERA Economic Consulting San Francisco, California

Experience & Areas of Interest:

Dr. Wu's primary area of expertise is the economics of antitrust and competition policy. He has testified in US district courts and submitted analyses to the US Federal Trade Commission (FTC), US Department of Justice (DOJ), European Commission, Competition Tribunal of South Africa, and Brazil's competition authority (CADE). Dr. Wu's antitrust practice focuses on the analysis of mergers, price fixing, and other competitive issues in a variety of retail, manufacturing, and service industries. He is particularly experienced in assessing competition in a wide range of health care markets, including hospital services, health insurance, physician services, and various medical technologies. His expertise includes the application of econometric and statistical methods, the design and economic analysis of consumer survey data, and merger simulation. Dr. Wu's recent work in antitrust and competition policy includes the analysis of proposed mergers in a variety of industries from pipelay services to LED lighting systems. Dr. Wu also has expertise in intellectual property economics. He has testified on reasonable royalties, and he has written and consulted on issues involving patent pools. He also has given a number of presentations on standard setting and on the use of benchmarks in a reasonable royalty analysis. Dr. Wu has studied a wide range of industries, including ambulance services, bakeware, cookware, blood testing instruments and supplies, bronze memorials and other commemorative products, cardiac medical devices, carton sealing tape, clinical diagnostic tests and testing equipment, compact discs, diagnostic imaging equipment, dialysis services, DRAM (dynamic random access memory) chips and modules, ferrous scrap, glass beverageware, health insurance, hospital services, lamps and lighting, mattresses, outdoor advertising, patient monitoring equipment, orthopedic products, physician services, pipelay services, printers and printing supplies, ski resorts, and smokeless tobacco. Prior to joining NERA, he was a staff economist in the FTC's Bureau of Economics.

Education:

  • PhD in economics, Graduate School of Business, University of Chicago
  • BA in economics, Stanford University
 

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