The National Economic Research Associates or NERA is an
economic consulting
Economic consulting is the practice of providing advanced economic, financial, and statistical analysis for use in litigation, regulatory, and commercial environments. Law firms, state institutions, and other organizations may rely on economic cons ...
firm founded in 1961. It was the first consulting firm dedicated to methodically applying microeconomic theory to litigation and regulatory matters. The firm applies econometric and statistical analysis to provide strategy, studies, reports, expert testimony, and policy recommendations for government authorities, law firms, and corporations.
Offices
The company is based in the United States and has offices in North America, Europe, Asia, and Australia. NERA employs more than 500 professionals, most of whom have advanced degrees in economics, finance, law or business.
NERA is a part of the
Oliver Wyman Group, a subsidiary of the
Marsh & McLennan Companies
Marsh & McLennan Companies, Inc., doing business as Marsh McLennan, is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, inves ...
, a global professional services firm.
Recognition
NERA ranked second in Vault's 2018 survey of the top firms in economic consulting. It ranks third in the 2022 ranking, after BCG and Bain.
''The'' ''New York Times'' called it "one of the country’s oldest and best-known economic consultancies."
Laurence Tribe, professor of constitutional law at
Harvard Law School
Harvard Law School (HLS) is the law school of Harvard University, a Private university, private research university in Cambridge, Massachusetts. Founded in 1817, Harvard Law School is the oldest law school in continuous operation in the United ...
, said that NERA is "one of the world’s foremost economic consultancies."
In June 2017,
President Donald Trump cited statistics from a study by NERA in a speech announcing his plan to pull the United States out of the
Paris Agreement
The Paris Agreement (also called the Paris Accords or Paris Climate Accords) is an international treaty on climate change that was signed in 2016. The treaty covers climate change mitigation, adaptation, and finance. The Paris Agreement was ...
. The study, which was prepared to measure the economic impact of hypothetical regulatory actions necessary to meet the goals of the Paris Agreement, was criticized for overestimating the costs of reducing greenhouse gas emissions. In a response, NERA said that the
Trump Administration selectively used results of the study that mischaracterized its purpose and analysis.
See also
*
Analysis Group
*Bates White
*
Berkeley Research Group
*
Brattle Group
*
Charles River Associates
*
Compass Lexecon
*
Cornerstone Research
*
Fideres
References
External links
Official Website
{{Authority control
International consulting firms
Macroeconomics consulting firms
Consulting firms established in 1961
Consulting firms of the United States