Dr. Jennings is an experienced economic consultant and expert witness with a B.A. in economics (magna cum laude) from Harvard College and an M.A. and Ph.D. in economics from Stanford University. His experience includes academic teaching and research as well as over 20 years as a consultant in economic litigation. Though familiar with most areas of economic litigation, his professional specialties are in: the assessment of economic damages from lost profits and income; market and industry analyses; antitrust and labor-related law and economics; valuation of environmental services and resources; economic cost and value estimation.
He has performed economic analyses in many industries for a variety of purposes, including the following: energy and transport systems; information and communication (ICT) networks; international taxation (transfer pricing analysis); auto manufacturing; autobody, autoglass and collision repair; aftermarket industry practices; environmental mitigation and ecologically sustainable systems development; wood and forestry products industry structure and practices; securities fraud; software industry practices; healthcare industry practices; property and casualty insurance industry practices; consumer motivation and behavior; market structure, design and procedures; etc.
Background
Q: Please list your professional accreditations, degrees, licenses, and certificates granted:A: B.A. (magna cum laude) in Economics from Harvard College (1968); M.A. (1980) and Ph.D. (1985) in Economics from Stanford University
Q: Please list your affiliations or memberships in any professional and/or industry organizations:
A: American Economic Association (AEA), Western Economic Association (WEA), National Association for Forensic Economics (NAFE), International Society for Ecological Economics (ISEE), United States Society for Ecological Economics (USSEE), Association for Evolutionary Economics (AFEE), Association for Institutional Theory (AFIT), Association for Social Economics (ASE), European Association for Evolutionary Political Economy (EAEPE), International Network for Economic Research (INFER - board member 2004-2006)
Q: Please list any teaching or speaking experience you have had, including subject matter:
A: I taught at STANFORD UNIVERSITY while in the later stages of my Ph.D. program, mostly in the principles course, during the late 1970s. I taught microeconomics (at principles, intermediate and graduate levels) at TUFTS UNIVERSITY from 1979 to 1983. I taught microeconomics, macroeconomics and business ethics at BENTLEY COLLEGE from 1985 to 1987.
Since around 1975, I have presented many academic and professional papers at many economics conferences in diverse areas of economic theory including: economic modelling and methods; economic rationality and the process of economic decision making; the economics of transportation and communication networks; the economics of ecological systems, sustainability and environmental health; the economics of planning horizons; the economics of competition and cooperation; economic history.
Q: Have any of your accreditations ever been investigated, suspended or removed? (if yes, explain)
A: No. I have survived two Daubert challenges to my role as an expert witness, one of which involved a 3-1/2 day 'mini-trial' about my analysis with additional expert economists hired to testify on both sides.
Q: On how many occasions have you been retained as an expert?
A: Probably 20 times or more in the last 10 years...
Q: For what area(s) of expertise have you been retained as an expert?
A: I have been retained for the analysis of economic losses (lost wages, earnings and profits) for business damages and personal injury cases; for market and industry analyses in antitrust and tort cases as well as by private commercial clients and industry trade associations. I have done a great deal of work for clients in the autobody and autoglass repair industry, especially with respect to their relations with third-party payers (insurance companies) since 1993. Prior to establishing EconoLogistics in 1992, I worked in many different industry areas in economic litigation, both for Charles River Associates (1973-74 and 1987-91) and Arthur Andersen (1991-92), mostly in FTC and USDoJ antitrust (mergers and acquisition) and federal-level international taxation (transfer pricing) cases.
Q: In what percentage of your cases were you retained by the plaintiff?
A: ninety percent, though at Charles River Associates I did mostly defense work.
Q: In what percentage of your cases were you retained by the defendant?
A: about ten percent of my own cases since starting EconoLogistics
Q: On how many occasions have you had your deposition taken?
A: seven
Q: When was the last time you had your deposition taken?
A: June 2006
Q: On how many occasions have you been qualified by a court to give expert testimony?
A: seven
Q: On how many occasions have you testified as an expert in court or before an arbitrator?
A: seven
Q: For how many years have you worked with the legal industry as an expert?
A: over 20 years
Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: economic and statistical analyses and reports; industry and market analyses and reports; economic damage assessments; estimation of lost profits, wages and income; economic consulting and litigation support services; etc.
Q: What is your hourly rate to consult with an attorney?
A: $300.00/hour
Q: What is your hourly rate to review documents?
A: $300.00/hour
Q: What is your hourly rate to provide deposition testimony?
A: $300.00/hour
Q: What is your hourly rate to provide testimony at trial?
A: $300.00/hour
Q: Please list any fees other than those stated above (E.g.: travel expenses, copy fees, etc.)
A: I generally charge clients $50.00/hour for air or automobile travel time (when I cannot be available to other clients) and $10.00/hour for active computer time (to cover software and other computer-related expenses). I also charge $.50/mile for automobile travel and $.10/copy for printing and copying costs.
