An Analysis Group team comprising CEO Pierre Cremieux, Managing Principal Marc Van Audenrode, and Vice President Marissa Ginn published “Calculating Damages in Price-Fixing Cases in the United States, Canada, and the European Union” in the Spring 2017 edition of the Class Actions and Derivative Suits newsletter of the American Bar Association's Section of Litigation. The article explains the impact that price elasticities can have on damages awards in three different jurisdictions—the US federal courts, Canada, and the European Union—and provides basic examples to show some of the mathematical underpinnings of overcharge damages calculations, pass-on, and lost profits on lost sales.
Associated People
Marc Van Audenrode
Dr. Van Audenrode is an expert in data analysis and econometrics, labor economics, antitrust and competition policy, and public economics. He has consulted to clients - including law firms and government agencies - in Canada, the US, and Europe. Dr. Van Audenrode’s work includes developing a methodology to value desktop software; he also developed expertise valuing goods as varied as restaurant franchises, executive stock options, or smartphone features. His recent work in public economics includes evaluating the economic rent from hydroelectricity to the Canadian economy and the value of logging rights on the ancestral territory of a Canadian First Nation. In the area of labor economics, his work has included filing an expert report assessing fair compensation for Quebec provincial judges and Quebec prosecutors and advising Quebec’s commission on pay equity. Dr. Van Audenrode has filed expert reports in courts in the US, Canada, Belgium, Germany, France, and the Netherlands, and has testified in Canada and the US. He recently filed a report with the Amsterdam Court of Appeal in support of the settlement reached between Ageas and claimant organizations in the Fortis case, the largest settlement ever reached through the Dutch Collective Settlement Act (WCAM). Dr. Van Audenrode’s scientific research and articles have been published in numerous peer-reviewed academic journals and trade journals. He is a coauthor of the book The Mutual Fund Industry: Competition and Investor Welfare, and is a frequent presenter at industry and academic conferences.
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